Other things matter as much or more, certainly — but we have this perennial fight over whether doing something that we ~all agree is at least a little helpful (vs status quo) is one of the things we should do, and that’s kind of absurd

Okay, but even its analogue in a fully socialist system would increase efficiency — like, differences between the socialist/communist places that have done well in terms of housing their people vs less so are closely related to how willing they are to put up residential high rises wherever

Almost zero YIMBYs think it’s the whole solution, but it is one of the few parts of the solution that generates public money instead of costing it, on net

But realistically you’re moving very 5-10years and getting a new 30y (or 50y, whatever) every time

So like it’s a dumb idea and also the critiques of the idea I’ve seen so far are like exceedingly dumb

And also, I should say, it’s not going to help much vs the current 30y status quo

And again, any criticism of 50y is also a perfectly good criticism of 30y, and the difference between the two is not large

- you also get the full value of price appreciation, which is very different from rent for life
- there is fully nothing wrong with rent for life and very reasonable assumptions (and interest rates) under which it’s quite a bit better!

Not discounted? You’re just thinking about this problem in the wrong way and honestly it’s not my job to educate you about it

Discounted? It’s fine

I do think mechanically it might be challenging without the existence of 50y Bonds to trade a spread against, but like

I hate to defend a Trump policy, but like…at any reasonable discount rate, what difference does 30 vs 50 make, other than slightly relaxing some liquidity constraints?

Like not great news but reflects well on leadership

See to me it looked like an optically quite reasonable offer that the GOP couldn’t exactly take but would cost them to refuse, so like the details didn’t matter.

I guess if the details were important to Dems continuing to march in array, so much the better?

Isn’t it literally just the one that the dumb guy from good place is from? Or is there another