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Policy makers often need to consider whether something is a 'net good' or 'net bad'. I would find it hard to believe that the current run-up of housing is a 'ne
by gorjusborg 3y ago
Policy makers often need to consider whether something is a 'net good' or 'net bad'. I would find it hard to believe that the current run-up of housing is a 'net good' in anything other than the extremely short term.
There are always anecdotes and dreamed up scenarios that enter the argument, and while those are interesting on a personal level, shouldn't really be the basis of policy.
- dahfizz 3y agoSure, and I said as much in my comment. Housing prices need to fall. But policy makers concerned with the "net good" would make a bare minimum effort to account for the millions of people they would harm with their policy. Something like allowing people to deduct their home's depreciation on their taxes would go a long way in actually getting policy support and passed. Try to allow for a little nuance sometimes.