4 ms·
> "If we want low-income people to be able to live in certain areas then the best solution is to just give them money..." yeah, that didn't turn out so well fo
by clairity 6y ago
> "If we want low-income people to be able to live in certain areas then the best solution is to just give them money..."
yeah, that didn't turn out so well for higher education and healthcare. so no to that.
housing markets are distorted in a thousand ways. a solution like that might be appealing for its simplicity, but what we need to do is the hard work of rationalizing a death by a thousand cuts. start by aggressively repealing every zoning/building regulation that's not tied to solid safety concerns (and not nebulous and nefarious ones). eventually you'd be in a position to repeal (in CA) both prop 13 and rent control (but not saying that'll happen), which are complementary distortions, but only when the market is functioning well enough not to need (for sociopolitical purposes, not economic ones) them.