4 ms·
If you're getting at revoking building codes or zoning laws, I'm all for that! Unfortunately I don't know what an off ramp would be other than a housing crisis
by _heimdall 3y ago
If you're getting at revoking building codes or zoning laws, I'm all for that!
Unfortunately I don't know what an off ramp would be other than a housing crisis similar to or larger than 2007-2008. A ton of "wealth" is locked up in real estate, and more importantly in mortgage debt. That can't be gently removed or wound down, the loans would have to be allowed to fail before we can move on from this idea that taking on huge amounts of debt is an investment in our future.