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Counterpoint: the cycle of the free market has solved the housing problem literally every time we've attempted it. https://twitter.com/jayparsons/status/172190
by jeffbee 3y ago
Counterpoint: the cycle of the free market has solved the housing problem literally every time we've attempted it.
https://twitter.com/jayparsons/status/1721903312617066859 https://twitter.com/jayparsons/status/1721903312617066859
- greenie_beans 3y agolol love a good out of context data visualization, those are great sources. but really, that's some data worth examining, thanks for sharing! i didn't say that building housing won't solve the problem, that's literally a universal truth for housing advocates. i'm suggesting that the government needs to intervene, especially since private developers have underbuilt during the best low interest rate opportunity of our lifetimes. i'm skeptical that trickle down economics will work for housing, especially in a high interest rate inflationary environment where it's too expensive to build profitably. basically, we need government to help add supply since private developers dropped the ball during the amazing opportunity of a decade+ of low interest rates.
- jeffbee 3y agoI don't see how this specific site can be an example of the failure of the private developers. The land was owned by the city itself for decades. They didn't do anything with it and failed to zone it for development.