Janel ComeauJun 24, 2023
if we’ve brought back global pandemics, titanic disasters, railroad strikes, a King of England and Russian coups, we should also get to bring back the parts of the 20th century where they had cocaine in the soda and a minimum wage earner could buy a family home
Show threadpost-punkedJun 25, 2023

@VeryBadLlama You could beat someone who wants to care over the head every day with the truth, but the reality of American home ownership is #Economics everyone supports or ignores, beginning with the intense resistance to building.

https://www.sightline.org/2021/03/25/yes-other-countries-do-housing-better-case-1-japan/

Yes, Other Countries Do Housing Better, Case 1: Japan

Political lessons from ten nations about building affordable, low-carbon neighborhoods.

Sightline Institute
Show threadMartijn 🇪🇺🇳🇱

@postpunky @VeryBadLlama It would help if
- corporate ownership of housing is outlawed,
- speculation with housing and mortgages is outlawed,
- taxes are implemented for every 2nd or 3rd+ house someone ownes
- minimum quality requirements are set for housing

To name but a few. Of course almost every country has some sort of housing crisis, it's the details that differ.

Jun 25, 2023 at 11:19amWeb
Show threadpost-punkedJun 25, 2023

@chaosmonkey @VeryBadLlama

It's precarious because sometimes greed drives investment which boosts supply of the necessity (the reason socialist housing does not work).

I would:

- Restrict ownership to owner-occupied in impacted urban/suburban zones

- Remove the 2nd home mortgage interest deduction which fails despite attempt in California

- Tie rent control to vacancy rates

- Start with the corporate loophole in #Prop13 which starves school funding

- Blast zoning as linked in my last toot

The crisis is less the obvious problems but vindicated interests in the degrading status quo & a lack of intelligent, cohesive resistance.

https://www.sfchronicle.com/politics/article/Californians-home-mortgage-deduction-would-be-14960585.php

Californians’ home mortgage deduction would be capped under new bill

California homeowners with big home loans and vacation properties would owe higher taxes...

SFGATE