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Hamilton Nolan@hamiltonnolan.bsky.social |
Housing prices are the single most important part of people's lived experience of "the economy" and the only way to make them better is to build a hell of a lot more housing. This is progressive.
www.hamiltonnolan.com/p/housing-is...
26 replies 142 reposts 484 likes
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NoHomers Diary
@nohomers.bsky.social
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Yes absolutely, with the standard caveat that building is necessary but not necessarily sufficient. There are forces driving prices up that are more than just supply vs demand calculus.
0 replies 0 reposts 0 likes
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Raoul Meyer
@mistermeyer.bsky.social
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Any evidence that this has improved since 2020?
www.nytimes.com/2020/01/10/r...
1 replies 0 reposts 3 likes
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Raoul Meyer
@mistermeyer.bsky.social
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storymaps.arcgis.com/stories/e2f5...
0 replies 0 reposts 0 likes
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D
@regular-joe.bsky.social
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AND to make corporate ownership of single more than say 2 family rentals, illegal
0 replies 0 reposts 1 likes
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@agisage.bsky.social
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If aggregate housing demand goes down in a meaningful way suburbanites lose value on their property, so it’s a no go for them.
0 replies 0 reposts 0 likes
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notyourmel
@notyourmel.bsky.social
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As a homeowner and as someone working in a community development department, I agree with this whole article.
0 replies 0 reposts 3 likes
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@lacewing.bsky.social
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And stop private equity from buying it.
0 replies 0 reposts 2 likes
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Mesarthim Q. P.
@mesarthim.bsky.social
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I appreciate all the replies here saying "No, we do NOT need to build more housing" which may illustrate some of why it has not happened! (But only some.)
0 replies 0 reposts 4 likes
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Peter Carlson
@peterdcarlson.bsky.social
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Appreciate the reference to social housing, would add that NYCHA Faircloth limit is 176,895, meaning they are legally not allowed to construct more federally subsidized public housing in NYC. Nat'l progressives should focus on repealing Faircloth.
0 replies 0 reposts 8 likes
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ccoutreach87
@ccoutreach.bsky.social
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Nice
0 replies 0 reposts 0 likes
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Minuit
@zoroark.ca
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The alternative is to introduce an exponential tax on business owned residential properties. Make it untenable to rent single/double family homes as a business.
0 replies 0 reposts 1 likes
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joqatana
@joqatana.bsky.social
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Creating housing is not building more. It’s taking what is there (thousands of empty residences and thousands of airbnbs) not being utilized for the purpose they were built. There are big new empty apartment buildings all over California. Just sitting there. Empty. And new.
0 replies 0 reposts 2 likes
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Morgan Clark
@morganc.bsky.social
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Not just "more housing" but affordable housing. No luxury condos-more 1-2 bedroom high rises or studios. In Chicago especially.
1 replies 0 reposts 9 likes
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Ryan
@ryandstout.bsky.social
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NIMBYs gonna NIMBY
0 replies 0 reposts 3 likes
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@bottesini.bsky.social
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Start charging outrageous taxes on 2nd 3rd 4th+ homes and band corporations from owning.
1 replies 0 reposts 15 likes
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Shad Murasaki
@shadumura.bsky.social
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Problem is, if you make more housing, then investors and companies like blackrock will buy it all up, raising housing prices further without more people living inside the homes. Having more homes is nice but without addressing that critical issue, it's just adding gasoline to the fire.
0 replies 0 reposts 2 likes
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EllaVDelaney
@ellavdelaney.bsky.social
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Or, could be partially due to this: popular.info/p/feds-raid-...
0 replies 2 reposts 9 likes
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Languor! at the Disco
@languordisco.bsky.social
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Related to you/your readers' interests, the ILWU created an integrated, 299 unit coop for workforce family housing in the '60s in SF: daily.jstor.org/st-francis-s...
But because of the housing shortage, units now sell for 620k + 1200+/month, with $10-20 million of deferred maintenance lurking.
0 replies 0 reposts 2 likes
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Verity Vagary
@mgcomics.bsky.social
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There is already plenty of housing. The "lack of housing" is caused by investors & investment companies hoarding homes & then taking advantage of the scarcity they are causing by raising rents.
2 replies 0 reposts 2 likes
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The chicken lady
@chickenlady.bsky.social
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You could save the environment by not building so much new ,bit preserving the old AND killing Airbnb.
0 replies 0 reposts 0 likes
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Charles Colee
@charlescolee.bsky.social
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And the other half of the equation: get Big Money investors OUT of the housing game. They're snapping up everything from fixer-uppers and starter homes, driving prices out of reach for average Americans.
0 replies 0 reposts 0 likes
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Fellow.Traveler | Kevin
@kevwi.bsky.social
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Yes. However, until and unless we stop the financialization of mortgages, creating more housing is simply pouring water into a sieve. People are being drained of their resources bc mortgages are a “security” on Wall Street, inflating prices. Both have to be addressed: density and securitization.
0 replies 0 reposts 2 likes
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A_lethe_ion
@aletheion.bsky.social
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Or severely tax empty residential buildings in cities & suburbs with tax being dependent on the housing market, nr of empty houses etc. High prices, high empty houses & homelessness in a city?High taxes. Some old cheap empty house in a tiny village without any people looking for a place? no add tax
2 replies 1 reposts 21 likes
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Lady Quinn 🏳️🌈🏳️⚧️⚧️
@harleyquinnical.bsky.social
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And maybe stop selling them to faceless corporations acting as landlords.
4 replies 0 reposts 35 likes
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Erik
@erik45824291.bsky.social
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Since 2014, the share of adults 25-35 living with their parents has been above 20%. Since 1850, the only other time adults lived with their parents at such a rate, was in the 1930s during the Great Depression.
0 replies 0 reposts 2 likes