This funnels even more capital into real estate as an asset class. Or it's an intermediate step to Georgism? https://twitter.com/bhorowitz/status/775768751941623808 …
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my personal view is we'd all be better off with considerably less debt financing
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I agree, but many things that ppl tend to believe improve efficiency in housing mkts are often ultimately negated bc they
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It also builds incentives for housing to increase in price. That is not necessarily a desired outcome
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Palo Alto is even used as the example in the release, the center of the latest zoning = unaffordable housing news
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