I not so secretly want federal housing policy to be a much more central issue in the Democratic primaries.https://twitter.com/kimmaicutler/status/1089709242666213377 …
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Replying to @kimmaicutler
But as you know there are only 3-4 cities where this is a meaningful issue.
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Replying to @rabois
Kim-Mai Cutler Retweeted National Low Income Housing Coalition
Not really. Section 8 vouchers only covers 1 out of every 4 families in poverty who qualify. Housing is out of reach for people at federal minimum wage of $7.25 all across the country.https://twitter.com/nlihc/status/1006903272060411904?s=21 …
Kim-Mai Cutler added,
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Replying to @kimmaicutler
Yes but absent 3-4 cities nothing has changed since 1980
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Replying to @rabois
Kim-Mai Cutler Retweeted Harvard JCHS
No, lots has changed in the last few decades.https://twitter.com/harvard_jchs/status/1063481709646229506?s=21 …
Kim-Mai Cutler added,
1 reply 1 retweet 11 likes -
Replying to @kimmaicutler
That is a false way to look at it. Housing prices have been stable for 30-50 years in all but 3-4 cities.
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Replying to @prestonjbyrne @rabois
It's a combination of both. MID intersects with home values, it's deeply regressive and before the standard deduction was increased in 2017, California took about 20% of that $70B tax break, which then got priced into higher housing values. http://realestate.wharton.upenn.edu/wp-content/uploads/2017/03/436.pdf …
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On the flipside of that, the federal government only spends $3-5B/year on homelessness, when it was de facto propping up CA upper middle class homeowners with MID deductions worth probably $14B...
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(Homelessness is also more of a federal issue than voters perceive it to be.)
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