Btw, I was going to reply to the other one to say that I think we do agree on like 95% of our stances haha. Thanks for your thoughts! Interesting read - both h

Btw, I was going to reply to the other one to say that I think we do agree on like 95% of our stances haha. Thanks for your thoughts! Interesting read - both here and the other thread! Re: housing, btw, it's a bit more complicated. On average, on an inflation-adjusted $/sqft basis, housing in America costs exactly what it did in 1973. [1] However, a few things have changed - mostly zoning related. In rural areas, houses are now twice as big, and the average family is smaller. This is likely attributable to zoning: minimum size, setback, etc. In urban areas, city councils refused to permit construction to meet demand - to the benefit of existing landowners. San Francisco added half as much new housing stock as necessary to meet the demand in the area over the last few decades. [2] Japan is a great counter-example, where housing has remained incredibly affordable - even in Tokyo. Likely attributable once again to zoning rules. They have national zoning rules which permit housing in every zone. [3] IMO housing is not deflationary because you can always build up, so while each square foot of ground space may appreciate, the price of usable square footage in aggregate doesn't have to. [1] https://fee.org/articles/new-homes-today-have-twice-the-square-feet-per-person-as-in-1973/ https://fee.org/articles/new-homes-today-have-twice-the-squa... [2] https://en.wikipedia.org/wiki/San_Francisco_housing_shortage https://en.wikipedia.org/wiki/San_Francisco_housing_shortage [3] https://marketurbanism.com/2019/03/19/why-is-japanese-zoning-more-liberal-than-us-zoning/ https://marketurbanism.com/2019/03/19/why-is-japanese-zoning...