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This has to do with extremely poor land use policies combined together with bad incentive in the housing market, hence "robust" housing market as if it's someth
by kiba 5y ago
This has to do with extremely poor land use policies combined together with bad incentive in the housing market, hence "robust" housing market as if it's something to be celebrated.
I note that the San Francisco housing crisis has been ongoing for at least a few years if not longer according to the notes I have been taking.
- chongli 5y agoThose land use policies come from nimbyism and a desire to “pull the ladder up behind you” that we see so often in our society. I think, and it sounds like the research supports, that inequality drives people to act more selfishly and this is the result we see.
- kiba 5y agoNo, the price of real estate must rise to enrich you. Can't having rising real estate price if you don't restrict housing. It is in part an incentive problem. If you institute a land value tax, we would reward the richest person around, because he makes the best investment, but he would also pay the greatest amount of taxes, because he bought the most productive or most desirable land.