"the price of housing should increase faster than inflation over time" is catastrophically bad public policy. in fact, an interesting framework for setting public policy would be "make everything get less expensive over time".

Oct 24, 2022 · 7:29 PM UTC

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national land value tax FTW!
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Replying to @sama
Real wages, not nominal prices. And I agree housing is a consumptive good, not an asset. Commercial real estate on the other hand...
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Replying to @sama
An intelligent public policy would be to not manipulate prices.
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Replying to @sama
Over time there is interest rate since loans private/company/corp/other bear risks and in a normal situations some debtors do not commit to their obligations, and the price increases should reflect this survival-extinction process
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Replying to @sama
Besides the current hot debate about low-density zoning causing artificial scarcity... it’s kinda interesting how the nature of home loans drive people to speculate in real estate vs just buying index funds. Real estate buyers are provided huge leverage
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Replying to @sama
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Replying to @sama
Housing prices are a spectacularly bad example of public choice economics. Most voters are home owners, so most politicians -- in both parties and up and at local/state/fed levels -- enact policies to enrich them... consequences be damned.
Replying to @sama
it is possible if usurious interest became a crime... for the whole of humanity. good morality would have the rich give to the poor, usurious interest is exactly the opposite, it is the rich who takes from the poor...worse still, the poor who give to the rich
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Replying to @sama
#Bitcoin fixes this.
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Replying to @sama
Except driving
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