Viewing profile — llamaimperative

Huh? Not sure I'm following. The $/sqft of housing tends to go up as density increases... for the same reason as the article is suggesting: incomes are higher, so people can eat hi…

No, those policies only matter, definitionally, in so far as they actually affect the elasticity of supply. The elasticity of supply is what they measured and found it does not mat…

It's not "bad math." It is exactly what the article (and I) describe: real estate's prices are principally set by the local income levels. If the market couldn't bear it, you'd hav…

> there is artificial scarcity up and down the chain with real estate Which, according to this analysis, does not actually significantly affect prices relative to other factors. I …

This is discussed elsewhere but "market prices" are a distribution of bids and asks. A buyer or seller can be on the high or low end of that distribution, which does not change the…

Well, they are buying land because housing exists on land. As discussed elsewhere in the thread, if you make the housing upon that land more elastic (e.g. by loosening zoning restr…

Except that the order of events goes the other way

> Because for instance, you'll rent at 30%, but if there was honest market pressure (and lets face it, there isn't) why wouldn't someone else rent at 28%? Or 25%? etc. They do! And…

Food, vehicles, and energy all have elastic supply. Higher prices induces more supply. This is not the case with land.

No, seriously. I am a landlord. How do I set rent? I ask myself: "How much do people around here earn?" And I set my price at ~30% of that. I am currently selling a house. How do I…

> it itself is not the cause in the sense that income levels directly cause housing prices to go up. It quite literally is directly the cause. The price of real estate in an area i…

It's not even that. Under the US Constitution everyone , citizen or not, illegal or not, desirable or not, has at least 1st Amendment and Due Process rights.

No no, you're misunderstanding. The study did factor locality-specific inputs like the ones you're describing. In fact they included all of them by measuring the actual realized su…

1. Property tax is not land value tax, and "high property tax" does not behave at all like a quasi-land value tax even if land value is a component of the property tax. 2. No, it s…

No, they specifically looked at changes in income. Incomes go up before housing prices go up.

All of which, they argue, ends up not predicting the movement of prices. Meanwhile, simple income level does predict the movement of prices.

No one in this thread is proposing that

The term you’re looking for is “impoundment.” They impounded funding. That’s exactly what they’re doing and it’s exactly what’s illegal. Glad you don’t dispute Congress’s Constitut…

Congress controls the budget, it really is that simple. If I believe USAID is full of waste, fraud, and abuse, I’m free to express that at the ballot box where I vote for a congres…

True integrity is being a fan of someone no matter what they do or say, indefinitely into the future

> Even just a "little" (5%-10%) corruption is a moral stain on the whole thing. Timeless: https://www.bitsaboutmoney.com/archive/optimal-amount-of-fra... How about let's solve prob…

Land prices have been rising mostly because of productivity gains. Land is completely free. There is no inherent cost to it. All cost is derived from its productive power, and prod…

It's the land price. Rising land prices are the problem, and land is in completely fixed supply. You cannot induce more supply with rising prices. Land is the dominating factor, er…