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Giuliano Giacaglia
@giu
Same vibes!
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Michael 🎩🐹
@michaelsullivan
Love it but gotta disagree. More people, less housing per person and we’ve commodified housing where people own multiple homes which drives up prices.
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Fidel Ramos
@framos.eth
And who is at fault for less housing per person? Mostly NIMBYs and existing owners who push legislators to limit construction. Check out this Econ 102 podcast: How We Build More Housing with Brad Hargreaves https://www.podpage.com/econ102/how-we-build-more-housing-with-brad-hargreaves/
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Michael 🎩🐹
@michaelsullivan
Correct, but at the end of the day it's the elected representatives that pass the laws. If they're passing laws based on a small % of the vocal minority then they're bad at their job.
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Michael 🎩🐹
@michaelsullivan
And in regards to the meme, I think the house actually is worth less if we were to pass a law that taxed second properties at 100%. There would be a flood of homes for sale and within a year when the dust settled we'd see the "actual" value of homes.
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Fidel Ramos
@framos.eth
I say don't tax, just don't artificially restrict the offer side. A free market would make housing much more affordable for everyone. The problem is that a lot of people have most of their wealth invested in their homes and real estate, and they don't want to lose.
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Michael 🎩🐹
@michaelsullivan
Free markets don't work on things we can't so "no" to. A free market for water would cause widespread death in this country. You see what it's done to housing, healthcare and education. The Free market only works when saying no doesn't impact our lives in any way.
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Fidel Ramos
@framos.eth
Interesting that you give housing, healthcare and education as examples, three of the most regulated and less free markets there are.
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Michael 🎩🐹
@michaelsullivan
Not really. Any industry be default will try to monopolize a market to make as much money as possible in a free market. Monopolies are bad for people. The entire point of most regulations around these sectors is to try to stop monopolies from occurring.
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Fidel Ramos
@framos.eth
Companies will try to monopolize, but that can rarely happen on free markets, you usually need regulation to make competition hard or impossible. So, once again, regulations are at the root of most problems.
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