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Construction is an incredibly unstable source of income, its very feast or famine in nature. Software for example hasn't been since the dot com bubble burst
by wnevets 5y ago
Construction is an incredibly unstable source of income, its very feast or famine in nature. Software for example hasn't been since the dot com bubble burst
- epistasis 5y agoI think a good way to stabilize this industry, and overall help our current housing crunch and homelessness crisis, is to have a government builder. Somebody that builds countercyclically, buying land and collecting the same land rents that landlords do, but turning those land rents into more housing. We currently subsidize our food system with a massive amount of socialism, to the degree that Midwestern farming probably wouldn't be recognizable without the farm bill. However, our housing system is going to crap due to the instability of construction as a trade, which in turn is causing massive increases in housing prices. I think this is a place where we need to change our government policy to make it a better market. Instead of intervening only with massive subsidies for home loans as we currently do, we should also stabilize the demand side of construction to keep it healthy, by providing a continuous buyer of construction labor.