4 ms·
Demographics aside, there’s lots of intertwined things mentioned here but the strongest thing is the mortgage. As soon as your house becomes too precious to si
by Temporary_31337 2y ago
Demographics aside, there’s lots of intertwined things mentioned here but the strongest thing is the mortgage.
As soon as your house becomes too precious to simply leave behind without thinking much of it, mobility is lost.
Cheap housing and the resulting mobility was the key difference between fast growing US and stagnant Europe.
Now that advantage is gone and it looks pretty impossible to go back to it.
- crooked-v 2y ago> pretty impossible The solutions there are extremely straightforward and uncomplicated in a technical sense (such as overriding local zoning and permitting to allow hihg-density construction everywhere). The barriers to it are purely political.