The horrible housing blunder

[Nordberg]

Wrong, wrong and wrong. You have a very old school mentality. Not everyone needs to be a homeowner nor is it necessarily economically advantageous to do so.

Did you read the article?

I missed where I said, everybody. Would you point that out?

[cawacko]

I missed where I said, everybody. Would you point that out?

You said paying rent is never a good investment. I think many people would say having a roof over their head is a great investment. So assuming you're not arguing being homeless is a good alternative to not paying rent then home ownership is the other option. Thus my comment.

You didn't read the article though did you?

[TTQ64]

When we're talking about regulations and the development of housing we're not talking about things like sprinkler law regulations. This doesn't have anything to do with firemen.

Because I'm really hung over after yesterday's game I don't have the energy to write out my thoughts I'll just copy and paste. The Bookings Institutute is a center-left think tank popular with many Democratic policy makers. Here's a great paragraph from a paper of there's on land use regulation. This says it all:

""Arguably, land use controls have a more widespread impact on the lives of ordinary Americans than any other regulation. These controls, typically imposed by localities, make housing more expensive and restrict the growth of America’s most successful metropolitan areas. These regulations have accreted over time with virtually no cost-benefit analysis. Restricting growth is often locally popular. Promoting affordability is hardly a financially attractive aim for someone who owns a home. Yet the maze of local land use controls imposes costs on outsiders, and on the American economy as a whole.""


https://www.brookings.edu/research/r...e-regulations/

lies lies lies



This is a racist right wing think tank.........trying to say it's left wing is like saying Blacks want Biden to win...........

[Nordberg]

You said paying rent is never a good investment. I think many people would say having a roof over their head is a great investment. So assuming you're not arguing being homeless is a good alternative to not paying rent then home ownership is the other option. Thus my comment.

You didn't read the article though did you?

Of course, I did and the idea that the crash came because of dud mortgages is wrong. It was caused by bad banking and looting the financial system by lenders. It was heled by corrupt rating agencies.

[cawacko]

Of course, I did and the idea that the crash came because of dud mortgages is wrong. It was caused by bad banking and looting the financial system by lenders. It was heled by corrupt rating agencies.

That’s your take away from the article?