How does Tokyo work this problem?https://www.wsj.com/articles/what-housing-crisis-in-japan-home-prices-stay-flat-11554210002 …
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There’s a different cultural attitude toward housing in Japan — that it might be a depreciating asset! And that’s reflected in broader policy.https://freakonomics.com/2014/02/26/why-are-japanese-homes-disposable-full-transcript/ …
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AFAIK no one is quite sure if she has more than flimsy anecdotal support for this classic deployment of the "magnet effect" trope.
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("She" = the Mayor. Sorry, didn't mean you, Kim-Mai.)
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Or if more rural areas actually addressed the opioid crisis and mental health issues....I’m also upset as a Veteran by how many homeless Veterans with service derived health issues I run into. So if folks aren’t willing to discuss this as well; it’s just punching down...
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It's not clear to me that other states should subsidize California's housing policy failure.
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If the 75 billionaires in SF paid a little bit more in taxes, you could EASILY achieve that: San Francisco has 75 billionaires. Most of them aren’t donating to local COVID-19 relief.https://sf.curbed.com/2020/4/30/21241539/sf-billionaires-donations-coronavirus-dorsey-beioff …
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this is a really faulty explanation and solution in multiple ways. Federal low-income housing policy after WWII required new housing to only replace existing housing, not create net new, and for decades it caused net loss of housing.
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after decades of poor outcomes with direct provision, US like many countries shifted to more decentralized and private/non-profit approaches. A plausible call for returning to national public provision needs to explain why we should and politically would reverse that evolution.
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Old work from Urban Economics shows why state supplied (construction subsidy) *can be* a terrible idea, especially in large quantities needed to make a real difference: higher house prices for everyone due to higher construction demand. Possibly leaves many more homeless.
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