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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It feels like housing can’t be both affordable, and also a good investment. NIMBYs are basically a distributed cartel, limiting supply to ensure their investment rises. The prospect of halving housing prices would sadly, turn a lot more people into NIMBY types :/
all unfortunately true, and agree this last piece is extremely difficult to navigate
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This is uncomfortable, but subsidizing NIMBYs so they stand to gain from new housing more than they "lose", could get the job done and increase the size of the pie
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In the longterm, neighborhood tokens could resolve this kind of misaligned interests
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Keeping the rate of value increase below inflation for a long time would deliver much of the benefit with much less resistance.
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It's possible that building a lot more housing will bring the real cost of housing down while the increase in the money supply (fed&stimulus) will keep increasing the nominal value of the property.
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Land can be a good investment, even if housing itself is not. One way to square the circle: https://dfmerin.com/Blurring-the-Line-Between-Renting-and-Owning-to-Solve-the-Housing-Crisis-ddaa155226134c68afc90b171f141819 …
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