Ultimately they're going to see political reversals based off the failure of their economic program. The far right since 2024 reminds me of the left in the 1990s: no viable economic program, so they retreat into becoming "cultural critics" unable to offer anything useful to ordinary people

FAANG leadership knows they're in bubble territory and are greasing the wheels for the inevitable bail out

This was an early touchstone RPG experience for me. Still have a bunch of the old books! Looking forward to seeing what you all do with it...

Sounds great. Federal government should launch a massive public housing construction binge. Solves the supply issue, lowers rents, housing overvaluation, etc. Win-win.

Yeah we don't need to "replicate" past solutions, but worth looking at difference in how seriously federal gov't took the housing shortage after WWII vs today. What comparable policies have been even suggested comparable to the GI Bill or Housing Act of 1949?

ZIRP wasn't enough to counteract decimation of demand due to lack of fiscal stimulus after the Great Recession. Kevin Erdmann has also written on Dodd-Frank restricted low income borrowers from accessing credit after 2010

Interesting how the government was able to kick start massive construction bonanza in the late 40s by boosting demand and backing cheap loans. Wish YIMBYs would look up from zoning deregulation long enough to look at other policies which helped build us out of a shortage...

@doughenwood.bsky.social I haven't agreed with you 100% over the past few years, but good grief you're completely on point with this take. Thanks for a small dose of sanity today