if we could cut the cost of housing in half, populism on the left and right would almost certainly collapse. probably worth tabling ideological hang-ups for the moment, and pursuing policy that works towards this goal.
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part of this is deregulation (legalize building), part of this is subsidization, part of this is doing something about the foreign millionaires holding single-family American homes like bitcoin. we need to look at everything. do everything. this is our problem of problems.
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This is really an interesting discoursehttps://twitter.com/matthewstoller/status/1379760437626032130 …
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Whomever solves this problem, owns the country.
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We talk and do cheap food and getting people jobs but housing is probably the biggest expense in people’s lives besides maybe healthcare. Honestly the easiest solution is build new small and medium cities with houses
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If we could do cheap housing, society paid HC and free/cheap technica & trade education, the country would change overnight
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I often wonder what share of banalist architecture pod buildings rising up everywhere are chinese money
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Generally whenever a multi-family apartment is going up, they list it is an EB5 building.
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What baffles me is the vast land mass in our country that is habitable but not utilized. The US had “company towns” pop up everywhere during the Industrial Age. Why not hundreds of digital mega-communes across the US? Remote work enables this!
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Housing is actually very affordable, but in places where homebuyers don’t want to live. People want to be close to airports and other people, and areas with those two criteria usually have expensive home prices.
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We need Harberger Taxes! Highly recommend
@glenweyl’s and Eric Posner’s paper on this https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2818494 …Thanks. Twitter will use this to make your timeline better. UndoUndo
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