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The best solution to homelessness is to crash the housing market so thoroughly that the idea of residential homes as investments becomes anathema for 2 or 3 gen
by underlipton 2y ago
The best solution to homelessness is to crash the housing market so thoroughly that the idea of residential homes as investments becomes anathema for 2 or 3 generations. Then you enact Georgist land policy and loosen zoning and Bob's your uncle.
- mmaniac 2y ago2008 didn't manage to rid people of that idea.
- underlipton 2y agoBecause the institutional response was explicitly to backstop housing as an investment instead of as a basic need/resource. If they'd let the banks fail, nationalized the toxic assets that no one else wanted, and wrote off the mortgages as losses, no one in their right mind would have written a new one for years. Which sucks if you make your money off mortgages, but I'm unconvinced that it would have destroyed our ability to build houses.