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unsustainable. and should be unconscionable. almost every pressing social problem can be traced back to the lack of housing supply (of course, some traces are l

unsustainable. and should be unconscionable. almost every pressing social problem can be traced back to the lack of housing supply (of course, some traces are looser than others)

readthenotes1 1y ago
If we are going for a reductivism, I'm going to take it all the way to pride, greed, and envy for the housing supply problem. (I could throw in lust, but that's last century's problem since various forms of birth control have negated its influence on housing demand)
- tshaddox 1y ago
  > I'm going to take it all the way to pride, greed, and envy for the housing supply problem. Eh, I mean greed in other economic environments would cause people to build ever taller condos and apartment buildings to get more and more revenue.
  - readthenotes1 1y ago
    That happens-- castillogrande in Cartagena Colombia used to be a bunch of family homes. Now it looks like Miami. China has tried it, but built a little much. A problem in doing it in other places is location and regulations (e.g., whole areas where high rises are outlawed, or required to have expensive shrubbery, or a certain percentage of units for low income)
- digbybk 1y ago
  Changing human pride, greed and envy is hard. We know how to build housing. Or we used to.
redwood 1y ago
Surely it's not so simple when New York City is building more housing supply that essentially any other American city (and has the best public transit system in the nation)
- fvrghl 1y ago
  Source? NYC chronically under builds. It's ranked #35 in new housing construction: https://constructioncoverage.com/research/cities-investing-most-in-new-housing https://constructioncoverage.com/research/cities-investing-m...
  - filoleg 1y ago
    That link you shared is counting the number of units build per 1k existing units. Given how dense and populated NYC is (aka how many existing units there are), this metric isn't as meaningful. I believe the grandparent comment was talking about the raw number of units. Actually, go to the bottom of the page you shared and look at the section titled "Full results", then sort by "Total new housing units authorized". Sadly, you will need to do some quick manual work to parse the results, because it sorts numbers as strings rather than as actual numbers. But you can clearly see from there that NYC is #1 in terms of raw numbers of new housing units. And that's data from 2021, and afaik NYC only increased those numbers significantly in the past 4 years.
    - asdff 1y ago
      Raw numbers are meaningless when the rate of home building relative to job growth is what defines prices.
      - filoleg 1y ago
        Sure. What was the rate of homebuilding to job growth in NYC and other major metro areas in the US? I am not trying to be snarky, I actually agree with you. I just simply don't have that data on hand right now. But I am aligned with you in suspecting that the rate of home building to job growth would be a better indicator of the real housing market change (as opposed to the ratio of new residential units/1k residents or, to a lesser degree, raw numbers of new residential units).
        asdff 1y ago
jimbokun 1y ago
NYC housing price increases have been unsustainable for several decades now.
- cantrecallmypwd 1y ago
  The same can be said about a number of big cities over the past 30 years. Perhaps there ought to be limits of corporate ownership of residential properties and limits to the number any individual (non corporation) can own too. Also, limits to overseas buyers to prevent gentrification by foreign capital flight. Housing should be for real people who aren't billionaires.
  - ChrisLTD 1y ago
    Why does corporate ownership matter?
OutOfHere 1y ago
What is actually unconscionable is that when the nature and consequences of inflationary money are exposed, the discussion immediately gets shut down. If the people were to understand what real money is, and it is not the national currency, then people would hold it instead of holding the national currency. Hint: real money is things like GLD/VTC/BTC/PAXG/XMR. Secondly, people also are instructed by the consumerist system to spend as much as they earn, effectively to not save or invest. Controlling the narrative about money is how the rich control the poor.
- sofixa 1y ago
  On what planet is BTC "real money"? Can you use it for the main uses of money, store value and payment? No, you cannot, because it's very volatile, and very slow and expensive to transact it. It's as much "real money" as worn t-shirts from sports players are.
  - OutOfHere 1y ago
    The volatility comes with its reward, which is price dips for buying cheaply and price appreciation. Bitcoin Lightning Network is its solution which is cheaper to transact in for those that accept it. Personally I would use Monero for transactions.
    - BobaFloutist 1y ago
      It sounds like you're extolling the investment opportunities, which is kind of the opposite of what most people are looking to get out of currency.

unsustainable. and should be unconscionable. almost every pressing social problem can be traced back to the lack of housing supply (of course, some traces are looser than others)

readthenotes1 1y ago

If we are going for a reductivism, I'm going to take it all the way to pride, greed, and envy for the housing supply problem. (I could throw in lust, but that's last century's problem since various forms of birth control have negated its influence on housing demand)

tshaddox 1y ago
> I'm going to take it all the way to pride, greed, and envy for the housing supply problem. Eh, I mean greed in other economic environments would cause people to build ever taller condos and apartment buildings to get more and more revenue.
- readthenotes1 1y ago
  That happens-- castillogrande in Cartagena Colombia used to be a bunch of family homes. Now it looks like Miami. China has tried it, but built a little much. A problem in doing it in other places is location and regulations (e.g., whole areas where high rises are outlawed, or required to have expensive shrubbery, or a certain percentage of units for low income)
digbybk 1y ago
Changing human pride, greed and envy is hard. We know how to build housing. Or we used to.

redwood 1y ago

Surely it's not so simple when New York City is building more housing supply that essentially any other American city (and has the best public transit system in the nation)

fvrghl 1y ago
Source? NYC chronically under builds. It's ranked #35 in new housing construction: https://constructioncoverage.com/research/cities-investing-most-in-new-housing https://constructioncoverage.com/research/cities-investing-m...
- filoleg 1y ago
  That link you shared is counting the number of units build per 1k existing units. Given how dense and populated NYC is (aka how many existing units there are), this metric isn't as meaningful. I believe the grandparent comment was talking about the raw number of units. Actually, go to the bottom of the page you shared and look at the section titled "Full results", then sort by "Total new housing units authorized". Sadly, you will need to do some quick manual work to parse the results, because it sorts numbers as strings rather than as actual numbers. But you can clearly see from there that NYC is #1 in terms of raw numbers of new housing units. And that's data from 2021, and afaik NYC only increased those numbers significantly in the past 4 years.
  - asdff 1y ago
    Raw numbers are meaningless when the rate of home building relative to job growth is what defines prices.
    - filoleg 1y ago
      Sure. What was the rate of homebuilding to job growth in NYC and other major metro areas in the US? I am not trying to be snarky, I actually agree with you. I just simply don't have that data on hand right now. But I am aligned with you in suspecting that the rate of home building to job growth would be a better indicator of the real housing market change (as opposed to the ratio of new residential units/1k residents or, to a lesser degree, raw numbers of new residential units).
      - asdff 1y ago

jimbokun 1y ago

NYC housing price increases have been unsustainable for several decades now.

cantrecallmypwd 1y ago
The same can be said about a number of big cities over the past 30 years. Perhaps there ought to be limits of corporate ownership of residential properties and limits to the number any individual (non corporation) can own too. Also, limits to overseas buyers to prevent gentrification by foreign capital flight. Housing should be for real people who aren't billionaires.
- ChrisLTD 1y ago
  Why does corporate ownership matter?

OutOfHere 1y ago

What is actually unconscionable is that when the nature and consequences of inflationary money are exposed, the discussion immediately gets shut down. If the people were to understand what real money is, and it is not the national currency, then people would hold it instead of holding the national currency. Hint: real money is things like GLD/VTC/BTC/PAXG/XMR. Secondly, people also are instructed by the consumerist system to spend as much as they earn, effectively to not save or invest. Controlling the narrative about money is how the rich control the poor.

sofixa 1y ago
On what planet is BTC "real money"? Can you use it for the main uses of money, store value and payment? No, you cannot, because it's very volatile, and very slow and expensive to transact it. It's as much "real money" as worn t-shirts from sports players are.
- OutOfHere 1y ago
  The volatility comes with its reward, which is price dips for buying cheaply and price appreciation. Bitcoin Lightning Network is its solution which is cheaper to transact in for those that accept it. Personally I would use Monero for transactions.
  - BobaFloutist 1y ago
    It sounds like you're extolling the investment opportunities, which is kind of the opposite of what most people are looking to get out of currency.