Hacker News Reader

I'd move closer to the jobs if they weren't so far away from affordable housing :( I loved it when I lived .7 miles away from work.

View on HN

The value equation would tip a lot more if Americans paid a fair price for automobiles. Everything, from oil, to roads, to the cars themselves, are stupidly subsidized.

(1) Drastic increases in gas and car taxes would be highly regressive, and disproportionately affect the poor.

(2) Housing prices are rising in large part due to foreign investment / money sheltering. I doubt that you could plausibly increase gas and car taxes high enough offset this, and it would be outright dystopian if you did.

It really seems like we should be able to directly tax the foreign investment in order to improve public transit... I don't have any good ideas on this however.

Of course that would just make both houses and cars unaffordable.

I think that was the point...

Reply on news.ycombinator.com