Nice. This is a good equation for the first week of high school Econ when all new homes are equally the same cost (at market rate they would be) and all people make exactly the same (though in America there are a lot more working class folks than rich folks)
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I read conversations like this and I’m like OK, Matt and Dean are basically cool and complicit with a larger hemorrhaging of the middle class from the Bay Area bc subsidized affordable is harder to pencil there plus their political bases will never (understandably) accept
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shifting scarce, limited public subsidy dollars from very low/low AMI housing to middle. So no middle income housing will effectively get built, the bar to get into market rate will get more forbidding and everyone will be complicit in entrenching the region’s widening inequality
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It's almost as though we need *some* sort of massive change from our wholly-privatized regime of homeowner hegemony to transition to any sort of better system
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yes, you keep saying that, but you cherry-pick vienna and ignore other countries' successful social housing programs that didn't rely on crashed land values. it's a disingenuous choice of comparison, and you're better than that
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No it’s not. The programs you often reference are also postwar programs executed at the federal level.
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Luckily impending climate catastrophe will probably make California look more like post-war Europe, so... Silver-lining, I guess.
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