cryptoleft

There is no American “housing crisis”— there’s a supply-hoarding crisis to rig local market prices above the liquidity of local buyer capital. 

The policy solution is simple: poison-pill tax all non-occupant-owned housing to force immediate sale to local buyers at actual market rates.

Allowing unlimited non-local capital to supply-hoard vacant housing is simply anti-resident eugenics. Current residents are too poor, so replace them with richer ones— even if it causes widespread homelessness, forced migration and absurd energy costs for the displaced to commute. It’s as discriminatory as Federal Housing Administration redlining of black neighborhoods in the 1940s.

I don't agree with the viewpoint precisely but god is this discourse a breath of fresh air

BDFL of Quilibrium, Eng @ Farcaster, ex-Coinbase, always opinionated, never hydrated

/quilibrium

yepppp could def benefit from seeing a few topics other than crypto every now and then

Tay has been dropped some banger leftist posts lately

microsub.

I'm supporting you through /microsub!

17 $DEGEN

(Please mute the keyword "ms!t" if you prefer not to see these casts.)

Hmm this seems like a serious and deep topic

NZ has backed itself into this exact corner as well re real-estate and supply hoarding.  And it's not even San Francisco or NYC.

...agree @cassie "fresh air"

why don't you agree? seems like a solid solution.

sounds like a housing crisis

a lot of empty houses are empty for a reason, just taxing that because "muh eat the rich" doesn't solve anything

What’s honestly the point of all these, if not absolute greed.

What’s even crazier is this happens almost everywhere
How does this even end?
Does it end/stop?

This all day. This latest generation of casters and the updates to the feed are changing things for the better. Its wonderful to see.

the reply baiting in these comments is fucking insane.

Chocolate rainmaker. Singer. Thinker. Voice

I live in Palm Springs, CA and my block is half short-term rentals. When I bought my house, I wasn't competing with prospective residents, it was all REITS and cash offers for properties to rent out. To your point @tayzonday have a look at billionaire-founded American Homes 4 Rent

tbh all I can think of is

*moves away from mic before taking a breath in*

tbh all I can think of is

*moves away from mic before taking a breath in*


https://youtu.be/EwTZ2xpQwpA?feature=shared

For those who don’t know niche ideologies, this land value tax adjustment closely resembles Georgism and incentivizes actual use of the land rather than the mere ownership.

When people left my city in 2020, and the area was eerily quiet and under police lockdowns related to the George Floyd protests, my rent went up despite a clear abundance of supply and lack of demand. For that year all the students near my university were everywhere but my city, except for me. It was so lonely and expensive.

So you feel there is an American housing crisis?

Best discourse happens on /cryptoleft as usual :)