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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
by elicash 7y 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.
- thedance 7y agoLocal 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.
- elicash 7y agoAren'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.