3 ms·
Don’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 p
by junofan 3y ago
Don’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.