[rsj_hn]

> "Direct housing subsidies don't prevent additional supply".

The idea that the price of housing will not increase if a good is subsidized because the supply isn't "prevented from increasing" is so confused and wrong it literally makes me sad.

We have the data of house prices rising as a result of subsidies. Housing is half land and half structure, and in constrained areas, 80% land and 20% structure. Land does not increase. Moreover even if housing was all structure and land was free, the subsidies cause houses to become bigger, as people can afford more structure, leading per house prices to rise.

Then you continue with a string of cliches, "privatize gains" etc. And a complaint that other people don't care enough.

Well, OK, but what of it? We don't shoot ourselves in the foot because other people don't care.

Adopting policies that make the world a worse place just because you are morally outraged is a terrible way of doing public policy.