it's really at the heart of the problem. Homeowners have this massive financial interest against building new housing
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in the process preventing people not just from following in their footsteps, but even finding affordable places to live at all
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@kimmaicutler tho I think it's natural to do so or else you need to either build a fragile house or convince yourself it depreciates -
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@kimmaicutler cars can depreciate because they're fragile—in Japan, it's only memory of fragile houses to keeps them from investment assets
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I'd start counting with Louisiana Purchase actually!
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@newsycombinator property as a speculative asset was key dynamic of US' (etc) colonization & expansion, incl later, suburban -
also, e.g., London's main development/expansion process, for many centurieshttps://twitter.com/tmccormick/status/765041793113042945 …
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Restrictive housing policies = rent seeking that benefits likely voters. Seems very hard to disrupt but worth trying.
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@newsycombinator many think of housing as equity for college, bills, etc. But housing is homes, and homes are for people!Thanks. Twitter will use this to make your timeline better. UndoUndo
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@newsycombinator it is if you buy in an area that's not affected by the ebbs and flows economic turmoil.Thanks. Twitter will use this to make your timeline better. UndoUndo
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