This article by citylab highlights the fundamental issue - housing cant be affordable and a good investment.https://www.citylab.com/perspective/2018/11/housing-cant-both-be-a-good-investment-and-be-affordable/574813/?fbclid=IwAR1DUe6lzI0YZ8f4OyRJTLsdlfk40GIT4WIGEBe0XNJUiDuHnQM12E-qbVk …
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Exactly. To solve this problem you need to gut the main savings vehicle for the middle and upper middle class. It needs to happen, but forming the political coalition to do that is hard. Will happen when broke Z/Millenials start to outnumber homeowners I think.
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An uncomfortable truth that almost everyone knows but no one wants to talk about.
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Biggest?
Not setting a decent co2 emission cost seems way more grave. -
Failures on housing and GHG emissions are related. https://www.nytimes.com/2019/03/25/opinion/california-home-prices-climate.html … We're working to tackle both in California with
#SB50.https://cayimby.org/morehomes/ - 4 more replies
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When the
@TheEconomist covers something you know the Overton window has moved...Thanks. Twitter will use this to make your timeline better. UndoUndo
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While this would help, we don’t have much of a supply problem. We have an efficiency problem driven by land speculation. Land Value Tax (
#lvt) would make this economically infeasible. You should check it out@patrickchttps://amp.economist.com/briefing/2018/08/09/the-time-may-be-right-for-land-value-taxes … -
California has a supply deficit of 3M homes.
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I wonder if working groups of public & private biz leaders would help. Need a bias for action & a team that’s solution oriented.
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YES. This. Absolutely time for high level long range engagement by tech/biz leaders with urban governance, housing and infrastructure. One of the most important things for both tech and society.
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