Hacker News Reader

Comment by pj_mukh | Hacker News Reader

Yes to all of this, and want to double stress the Housing theory of everything [1]. Most of the "scarcity" people feel today in the North American context is driven by housing. And there simply isn't enough of it. And citing badly measured vacancy stats does a huge disservice to the effort to fix this.

I agree we can do a lot better. And I have no moral qualms about giving the excess away to everyone who needs it. But I need people to admit that it will require a lot of work till we can sufficiently claim we have a real realizable "excess".

And that work requires the current system to work more "efficiently" and with "higher productivity", in the economic definition of the word, not as a personal valuation as OP defines.

[1]: https://worksinprogress.co/issue/the-housing-theory-of-every...

View on HN

Housing is clearly the biggest problem, yes, and I doubt you'll find anyone who'll disagree that it's not a big problem. But it's a big problem for political reasons. If we all woke up tomorrow and thought 'we need 10 million new homes', I'm sure it could happen. It's just not in the short-term (and long-term?) interests of the economy as it is now. Maybe we should do something about that?

Or maybe, just maybe, we should do it because it's a thing that raises people's quality of life? I only care about the economy insofar as it helps actual people on the ground, so I'll be happy to ignore it for things like this, assuming that doesn't put us in an even worse rut than we are in now.

>If we all woke up tomorrow and thought 'we need 10 million new homes

The cost (no profit) of 1 Million homes where people want to live (where your community is), would be roughly 0.5 Trillion to 1 Trillion USD [1]. So, I don't think this is true :(.

We simply don't have the construction workers and the supply-chains to make it happen. Again, these are fixable problems and I want this to be true. But it is not today.

[1]: https://medium.com/@dtxtransitposts/how-much-does-it-actuall...

> The cost (no profit) of 1 Million homes where people want to live (where your community is), would be roughly 0.5 Trillion to 1 Trillion USD [1].

That sounds worth it to me.

> We simply don't have the construction workers and the supply-chains to make it happen. Again, these are fixable problems and I want this to be true. But it is not today.

Sounds like something we need to fix then.

What if we let people build their own homes and gave them courses on how to do that?

Also 1 trillion dollars sounds like a single year of national debt interest, the total amount spent and destroyed by the Iran war, or the Pentagon's black budget. I'm sure we can give up one of those for a year to fix every economic problem plaguing the country.

Yes, make education free, including how to build a home.

Housing is a problem and not surprisingly a very big problem in all the English speaking countries the United States, Canada, Great Britain, Ireland, New Zealand, and Australia, the scarcity of starter homes, high cost, low pay, and a epidemic of those so-called luxury apartments being built everywhere.

Most young people will be going back to the good old days, staying home and not leaving until they are married, which is what happens in most of the world today.

> and I doubt you'll find anyone who'll disagree that it's not a big problem.

As far as I know, people vote against housing developments, among other things to prop up their own house values. They might not disagree it's a problem, but they also don't care to do anything about it. I don't think the housing issue is strictly economics and logistics.

Reply on news.ycombinator.com