What's the history here KM? Link?
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Accelerated depreciation created a multi family boom for a few years in the 80s.
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The same tax technique that boomed Detroit auto industry after 9-11-2001.
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a popular theory poorly supported by evidence, which shows affordability, not HUD cuts, key: https://twitter.com/tmccormick/status/920129148063858688 …https://twitter.com/kimmaicutler/status/920060729440354304 …
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Your article suggests that HUD cuts make housing less affordable:pic.twitter.com/0NHNcJNuO8
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And yet we've had Democratic Congresses and presidents that didn't try to restore it. I don't get it.
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Some of the worst NIMBYism is in places where people consider themselves progressive.
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US Gov gives landlords billions in tax subsidies: interest write-offs & phony depreciation. Redirecting those $$ to new construction is key.
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