9 ms·

Housing, Healthcare and Education. Those three have eaten up a larger and larger chunk of people's paychecks over the years. In regards to the cost of housing,

Housing, Healthcare and Education. Those three have eaten up a larger and larger chunk of people's paychecks over the years. In regards to the cost of housing, I came across an adage a while back that has stuck with me, "Housing can either be affordable, or a great investment, not both". I think the real solution is a change in policy for housing to no longer be treated as a great investment. Not that I have high hopes of this ever coming about.

virmundi 6y ago
What would that look like? Would you disallow non-occupant ownership?
- barry-cotter 6y ago
  Build housing and keep on building until prices stop rising. https://www.forbes.com/sites/scottbeyer/2016/08/12/tokyos-affordable-housing-strategy-build-build-build/ https://www.forbes.com/sites/scottbeyer/2016/08/12/tokyos-af... > Like so many other global first-world cities, Tokyo is experiencing explosive population growth, increasing by 1.6 million people since 2000. And unlike practically every U.S. city, it has almost no empty land. So it has responded through vertical growth, tearing down old structures and replacing them with high rises at a pace light-years ahead of anywhere in modern America. As FT’s Tokyo bureau chief Robin Harding wrote in the article, the city had 142,417 housing starts in 2014, which was “more than the 83,657 housing permits issued in the state of California (population 38.7m), or the 137,010 houses started in the entire country of England (population 54.3m).” Compare this, also, with the roughly 20,000 new residential units approved annually in New York City, the 23,500 units started in Los Angeles County, and the measly 5,000 homes constructed in 2015 throughout the entire Bay Area. > This has stabilized Tokyo’s housing prices, wrote Harding, and has kept them far lower than in many U.S. cities.

9 ms·

Housing, Healthcare and Education. Those three have eaten up a larger and larger chunk of people's paychecks over the years. In regards to the cost of housing,

by mgolawala 6y ago

virmundi 6y ago
What would that look like? Would you disallow non-occupant ownership?
- barry-cotter 6y ago
  Build housing and keep on building until prices stop rising. https://www.forbes.com/sites/scottbeyer/2016/08/12/tokyos-affordable-housing-strategy-build-build-build/ https://www.forbes.com/sites/scottbeyer/2016/08/12/tokyos-af... > Like so many other global first-world cities, Tokyo is experiencing explosive population growth, increasing by 1.6 million people since 2000. And unlike practically every U.S. city, it has almost no empty land. So it has responded through vertical growth, tearing down old structures and replacing them with high rises at a pace light-years ahead of anywhere in modern America. As FT’s Tokyo bureau chief Robin Harding wrote in the article, the city had 142,417 housing starts in 2014, which was “more than the 83,657 housing permits issued in the state of California (population 38.7m), or the 137,010 houses started in the entire country of England (population 54.3m).” Compare this, also, with the roughly 20,000 new residential units approved annually in New York City, the 23,500 units started in Los Angeles County, and the measly 5,000 homes constructed in 2015 throughout the entire Bay Area. > This has stabilized Tokyo’s housing prices, wrote Harding, and has kept them far lower than in many U.S. cities.