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0 pointsthedance6y ago0 comments

Don’t worry, literally every single one of the presidential candidates in the democratic primary wants to “build wealth” by making housing ever more expensive. It’s practically state policy to make it impossible for a first-time buyer.

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elicash6y ago

The entire point of housing policy at the local level, where it matters, is to make housing more expensive because people's wealth is in their homes and they're relying on housing prices to rise steadily. Renters have less political power.

thedanceOP6y ago

Local policy is broken but I’m not convinced that it dominates. The Feds have the mortgage interest deduction and Fanny, which both stimulate the demand side very greatly.

elicash6y ago

Aren't significantly fewer (tens of millions?) people taking the mortgage interest deduction due to tax reform that doubled the standard deduction? Doesn't seem to have driven a collapse in housing costs.

We need more density in low-density areas of cities. Allow people to have multi-family homes if they choose it.

holtalanm6y ago

at the risk of getting into a political debate on the internet: I hadn't heard this. Do you have any sources backing up this claim?

thedanceOP6y ago

Have your seen any of them open their mouths at the debate?

Moderator: solve black poverty Candidate: we’ve got to get them into houses so they can build wealth.

holtalanm6y ago

that....doesn't necessarily correlate with making housing more expensive, though. There are government-funded housing programs in other countries that they may be referencing as a model, for example.

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elicash6y ago

thedanceOP6y ago

Local policy is broken but I’m not convinced that it dominates. The Feds have the mortgage interest deduction and Fanny, which both stimulate the demand side very greatly.

elicash6y ago

We need more density in low-density areas of cities. Allow people to have multi-family homes if they choose it.

holtalanm6y ago

at the risk of getting into a political debate on the internet: I hadn't heard this. Do you have any sources backing up this claim?

thedanceOP6y ago

Have your seen any of them open their mouths at the debate?

Moderator: solve black poverty Candidate: we’ve got to get them into houses so they can build wealth.

holtalanm6y ago

that....doesn't necessarily correlate with making housing more expensive, though. There are government-funded housing programs in other countries that they may be referencing as a model, for example.

1 more reply

j / k navigate · click thread line to collapse