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It would be cheaper for the government to throw weekly block parties nationwide than subsidize homeownership to the extent it currently does. (I haven't done th
by natrius 17y ago
It would be cheaper for the government to throw weekly block parties nationwide than subsidize homeownership to the extent it currently does. (I haven't done the math on that, but you get the point.) Government policies that try to achieve a certain effect via indirect means have all sorts of undesirable side effects. If we want to improve neighborhood cohesion, we should find a more direct way of doing that.
- natrius 17y agoActually, I have a better idea. Landlords within a neighborhood should band together and give their tenants a share of the appreciation of the property above inflation. Rents would probably have to rise to accommodate this. They should do it as a group because it's far easier to judge the appreciation of a neighborhood compared to a single property that isn't being sold. Once renters have an stake in the quality of the neighborhood, they should act more like owners.