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I went back and rewatched Warren's reply as well as the other responses about housing. Warren's reply was actually very good. Supply is a big part of the problem, especially the fact that housing has become more heterogeneous than ever due to the proliferation of luxury housing which has ever more stringent credit checks and enforcement of prohibitions against subletting and having roommates.
The owners of the buildings do not have a big incentive to rent a unit to multiple low to moderate income people. They would rather rent to college students with wealthy parents or very well paid professionals. If they cannot adequately fill up a property with those affluent renters, the owner will just wait to sell it and in major metro areas there is a huge amount of demand that comes from the finance sector rather than from actual residents.
Get the finance induced demand out because the residential demand is already overwhelming the lack of supply. The added bonus is that owners of luxury developments will have to convert their hitherto idle housing stock into accessible and usable housing supply for the non affluent.
We do need to build more housing stock but even if we didn't add any new housing stock, we could create more supply from the housing stock that is currently idle due to the corrosive influence of capital driven demand for housing in major metropolitan areas.
On reflection Warren did a great job, in the short time that candidates were afforded of not only talking about supply but about the fact that so much the new housing stock is off limits for most potential buyers and renters. Now, if she were asked to give an hour long, comprehensive talk and didn't give any mention to the negative effects of financial speculation, then she'd be wrong.
As far as NIMBYs are concerned, most of them suck. Most of them are selfish incumbent home owners who are also frequently motivated by white supremacy. I just think that most YIMBYs are equally cynical, they don't care about housing crisis and they are only saying yes to luxury developments.
This disgusts me.
That SEC speed!What's Grams' 40 time? I think 4.2 easily. He has ELITE closing speed.
What's Grams' 40 time? I think 4.2 easily. He has ELITE closing speed.
At the next debate Biden gonna turn back into Jumpoff Joey and tell all dem fools on stage to look at the poll numbers, cause last time he check he was the man on these streets.
At the next debate Biden gonna turn back into Jumpoff Joey and tell all dem fools on stage to look at the poll numbers, cause last time he check he was the man on these streets.
wait.. dwalk31 who was it again who had a settlement against them to pay a $25 million for running a scam university?
Wow.maybe he had explosive diarrhea, and had to make a b-line to the bathroom.