Cost of living is a great equalizer -- our instinct is that population flows ultimately follow capital (corporate/investor) flows. And financial capital flows converge on places with elite human capital (talent/education pools), so there is an interesting sort of feedback loop here!
" Since the dynamics of urban dysfunction interact with the very culturally sensitive topic of race, people tend to prefer not to talk about it at all."
More properly, "since the dynamics of dysfunctional locales have been entrenched for decades by the parallel economy of the criminal monopoly over the trade in prohibited substances, people would rather indulge in empty disputes over 'race' than utter a single word on the topic of reforming the drugs laws." A discussion that would have been much more productive, had it taken place and led to enacted reforms thirty years ago. Or, better yet, forty years ago. Before the problems went intergenerational, along with the proliferation of the firearms trade that piggybacked on the illegal drug markets.
That ship has sailed, alas. But the parallel economy situation still needs to be included in the discussion.
That said, the information and analysis on this website is excellent.
I'm curious. What are the specifics that tell us we're actually experiencing a housing affordability crisis? I'm so skeptical at this point about narratives such as this that I just can't even assess it until I understand how it's calculated. Is this some national affordability index? Are cities like San Francisco and New York City skewing the national numbers? I'm just not convinced that there's actually a "crisis." We seem to be addicted to the idea of crises. Is this another example of that addiction? I recently spent a fair amount of time looking at the supposed wage stagnation for the middle class, and now I think it's complete bollocks.
If you simply make it undesirable to live there, prices will decline. I am crime pilled
IMO, certain MSAs will become too cheap to ignore and and population will flow that way.
I look at Detroit, which is now the Mortgage City instead of the Motor City.
Look at the MSAs which are appreciating and which ones aren't. I call it the Hip To Be Square trade.
Cost of living is a great equalizer -- our instinct is that population flows ultimately follow capital (corporate/investor) flows. And financial capital flows converge on places with elite human capital (talent/education pools), so there is an interesting sort of feedback loop here!
70% Glaeser, 30% boom & bust
I wonder how this fits into your ghetto/ Mamdami pill framework: https://esusurent.com/about/
This is essentially an ESG incentive for slumlords and tenants
Fed pill is closer to the truth: https://bitcoinawareness.substack.com/p/how-bitcoin-can-end-homelessness
In Bitcoin, housing prices will go down forever (towards marginal cost of production).
" Since the dynamics of urban dysfunction interact with the very culturally sensitive topic of race, people tend to prefer not to talk about it at all."
More properly, "since the dynamics of dysfunctional locales have been entrenched for decades by the parallel economy of the criminal monopoly over the trade in prohibited substances, people would rather indulge in empty disputes over 'race' than utter a single word on the topic of reforming the drugs laws." A discussion that would have been much more productive, had it taken place and led to enacted reforms thirty years ago. Or, better yet, forty years ago. Before the problems went intergenerational, along with the proliferation of the firearms trade that piggybacked on the illegal drug markets.
That ship has sailed, alas. But the parallel economy situation still needs to be included in the discussion.
That said, the information and analysis on this website is excellent.
I'm curious. What are the specifics that tell us we're actually experiencing a housing affordability crisis? I'm so skeptical at this point about narratives such as this that I just can't even assess it until I understand how it's calculated. Is this some national affordability index? Are cities like San Francisco and New York City skewing the national numbers? I'm just not convinced that there's actually a "crisis." We seem to be addicted to the idea of crises. Is this another example of that addiction? I recently spent a fair amount of time looking at the supposed wage stagnation for the middle class, and now I think it's complete bollocks.