I want prefab to take over.
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As Lycurgus said: “begin with your own home.”
End of conversation
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I think we need to look at current housing owners protectionism wrt to their home values in the context of the shift from pensions to 401k-based retirement savings. We shifted the incentivization structure, and this is the long-term down-side effect. We need to fix both.
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Great to have such a robust study to back this up - not accounting for housing has been a critique of Piketty's work for some time:https://www.brookings.edu/bpea-articles/deciphering-the-fall-and-rise-in-the-net-capital-share/ …
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