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

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.

I probably could have easily gotten away with squatting tbh. I already had a habit of extreme frugality including dumpster diving for art supplies through art school.