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Again, though, what's the sustainable response? It's not cash transfers, it's community owned housing, land trusts, and the like.
by couchand 3y ago
Again, though, what's the sustainable response? It's not cash transfers, it's community owned housing, land trusts, and the like.
- junofan 3y agoDon’t land trusts just lock people out of their home equity? Since we’ve rigged the housing market to be up-only and the main source of household wealth, it’s probably best for New Yorkers to build lots and lots of normal homes that people can buy and not mess around with failed models from the Jim Crow era that locked black people out of wealth.
- School-Cotton 3y agoHow have we “rigged the housing market to be up-only” ?
- polygamous_bat 3y agoBy ensuring demand keeps going up (population grows) while supply doesn’t (building restrictions, restrictive zoning, NIMBYism). Econ 101.
- ethanbond 3y agoLVT. There’s a reason the law that GP states, that all public investment is eventually baked into rents, is called the Henry George Theorem. There’s no way around this, but with LVT at least society captures the returns on its investments instead of private landowners, which can then be reinvested e.g. in nicer public housing or public transit that allows a larger geographic area to participate in city life.