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by easong
3718 days ago
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We don't have anything remotely close to a free market in housing, though - I would be much, much more apt to lay the blame for the current housing crisis at the feet of misguided zoning and NIMBYism (often dressed up in pseudo-leftist rhetoric). We need to build more houses, for anyone, as quickly as possible and as much as possible if we want to shift the curve of rental pricing. Right now, the market wants to build - we should let it. If the state wants to step in and build more housing too, great, but first it should get out of the way. I agree that tiny houses are a feel-good distraction. |
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In 2010, during the Great Recession, he said: ...After a few years of such imbalances, the country unsurprisingly ended up with far too many houses. There were three ways to cure this overhang: (1) blow up a lot of houses, a tactic similar to the destruction of autos that occurred with the ‘cash-for-clunkers’ program; (2) speed up household formations by, say, encouraging teenagers to cohabitate, a program not likely to suffer from a lack of volunteers or; (3) reduce new housing starts to a number far below the rate of household formations.
So, unless you're arguing that between 2010 and now either we blew up a lot of houses or Buffett doesn't know what he is talking about, then I still don't an argument for tiny houses as compelling.
The macro economic issues (massive capital accumulation by the 1%, stagnant wages for the majority of workers, etc) are more in play than NIMBYism and zoning. I'd be interested whether or not you're active in zoning issues in your community or how it is that you came to the conclusion that zoning boards everywhere are responsible for unfordable housing.