Submission statement: Restricting housing supply bad. Here’s some choice quotes:
> This is embarrassing. Some on the left have simply decided that corporate power is the problem, and then work backwards. In 2024, more new housing permits were granted in Dallas and Houston than all of California. The cause of the disparity in housing prices is obvious. Land use restrictions are supposed to have some kind of positive payoff, but I’ve heard nothing to indicate that Texas suffers more than California in terms of extra traffic, strained infrastructure, noisy neighbors, or anything else that strict zoning laws are meant to prevent. I went to Dallas once and it was remarkably ugly, but Austin manages to be both pleasant and affordable. Whatever benefits stricter zoning brings to California, there is no way that they outweigh pricing people out of living in the state. I know tech workers for major corporations around LA and San Diego who make six-figure salaries but see owning a two-bedroom home within reasonable commuting distance of their job as an unreachable dream. The Bay Area is of course even worse. There is no natural reason for this; it is simply a set of policy choices that led to this state of affairs.
…
>It must be noted here that the Trump administration’s main contribution to the housing issue has been trying to clamp down on corporate ownership, a completely irrational concern, but one that it shares with Elizabeth Warren and her allies on the left. This led to a disastrous provision in a recent bill that passed the Senate requiring that institutional investors – those owning at least 350 homes – sell single-family houses they build or acquire for rental purposes to individual buyers within seven years. This makes the entire bill, which otherwise has many good provisions, likely a net negative, and the whole thing may thankfully get killed in the House.
>Here’s Warren justifying the ban on institutional owners of single-family homes.
>They can also build as many apartment houses, as many condo complexes, as many triplexes as they want. But there’s a point of principle here, and that is that private equity cannot come in and buy up all of the housing supply in America. Homes should be for families, not for giant corporations.
>The phrase “homes are for people, not corporations” is so stupid it hurts.
>According to Warren, then, it’s fine to rent from a large corporate owner if…you share walls with someone else? Otherwise you either buy a home yourself, or rent it from a small company or individual? This is apparently a matter of great principle! The Warren quote above is so bad that all on its own it has shaken my conviction on how much the right dominates the market for stupid ideas. Then again, when you ask Vance which Democrats he likes, Warren is the one whose name he brings up.
Lease_Tha_Apts on
Despite my new shoes, Michael Phelps continues to pull ahead in swimming.
surreptitioussloth on
And hanania continues to pull ahead in being an uninsightful racist
There are smart people who care about this issue and have good judgment. Reading swill from hanania is just polluting your brain
3 Comments
Submission statement: Restricting housing supply bad. Here’s some choice quotes:
> This is embarrassing. Some on the left have simply decided that corporate power is the problem, and then work backwards. In 2024, more new housing permits were granted in Dallas and Houston than all of California. The cause of the disparity in housing prices is obvious. Land use restrictions are supposed to have some kind of positive payoff, but I’ve heard nothing to indicate that Texas suffers more than California in terms of extra traffic, strained infrastructure, noisy neighbors, or anything else that strict zoning laws are meant to prevent. I went to Dallas once and it was remarkably ugly, but Austin manages to be both pleasant and affordable. Whatever benefits stricter zoning brings to California, there is no way that they outweigh pricing people out of living in the state. I know tech workers for major corporations around LA and San Diego who make six-figure salaries but see owning a two-bedroom home within reasonable commuting distance of their job as an unreachable dream. The Bay Area is of course even worse. There is no natural reason for this; it is simply a set of policy choices that led to this state of affairs.
…
>It must be noted here that the Trump administration’s main contribution to the housing issue has been trying to clamp down on corporate ownership, a completely irrational concern, but one that it shares with Elizabeth Warren and her allies on the left. This led to a disastrous provision in a recent bill that passed the Senate requiring that institutional investors – those owning at least 350 homes – sell single-family houses they build or acquire for rental purposes to individual buyers within seven years. This makes the entire bill, which otherwise has many good provisions, likely a net negative, and the whole thing may thankfully get killed in the House.
>Here’s Warren justifying the ban on institutional owners of single-family homes.
>They can also build as many apartment houses, as many condo complexes, as many triplexes as they want. But there’s a point of principle here, and that is that private equity cannot come in and buy up all of the housing supply in America. Homes should be for families, not for giant corporations.
>The phrase “homes are for people, not corporations” is so stupid it hurts.
>According to Warren, then, it’s fine to rent from a large corporate owner if…you share walls with someone else? Otherwise you either buy a home yourself, or rent it from a small company or individual? This is apparently a matter of great principle! The Warren quote above is so bad that all on its own it has shaken my conviction on how much the right dominates the market for stupid ideas. Then again, when you ask Vance which Democrats he likes, Warren is the one whose name he brings up.
Despite my new shoes, Michael Phelps continues to pull ahead in swimming.
And hanania continues to pull ahead in being an uninsightful racist
There are smart people who care about this issue and have good judgment. Reading swill from hanania is just polluting your brain