10,314 karma · joined August 31, 2010
Prices are set by the balance of demand and supply. The demand isn't going away. The supply is what we can do something about.
Even building expensive luxury apartments helps, unless no one can afford them at all (which is not what the builder wants to happen). The people who rent those aren't taking up spaces others could have afforded.
Supposedly, the big selling point was that seniors on fixed incomes were getting priced out of their homes. But that would only happen because they have a substantial, appreciating asset. These aren't poor people who deserve our sympathy; they're relatively well-off people with a cash-flow problem! We could have solved their cash-flow problem without destroying our cities' tax bases by allowing them to defer some of their taxes [0] until their property was sold.
Here's a great article from 2014 that talks about it: https://techcrunch.com/2014/04/14/sf-housing/
As for cities profiting from allowing new housing, this might interest you: http://www.henrygeorge.org/pcontents.htm
[0] For example, the amount of tax due immediately could be allowed to grow at 2% annually, following the Prop. 13 formula. Also, the tax due at sale could be limited to, say, 70% of the gain on the sale. That limit would probably never take effect, in practice, but I've learned from previous occasions where I've proposed this that people tend to get hung up on the possibility that one might owe more in tax than one stood to make on the sale. In fact, if you run the numbers, it takes some very strange assumptions to make the deferred tax even approach getting that large; but this rule should assuage that concern. (Basically, you'd need several years of strong price growth followed by a sudden, huge collapse.)
It's not so much induced demand as it is pent-up demand. Lots more people would already love to live here — indeed, many have moved away solely because of housing costs.
I wish I had time for FSet work, but I just don't right now.
Dependent types are certainly interesting -- I'll give this a read. Thanks!
[0] http://bitsavers.trailing-edge.com/bits/TI/Explorer/zeta-c/
I recall once, not quite 20 years ago, porting a large CL program from a 32-bit implementation to one of the then-new 64-bit Lisps. Someone who didn't know CL thought that would be a hellish job, but it turned out to be quite straightforward.
What could work would be licensing for software engineers in certain specific domains. For example, we could require election systems software engineers to be certified for that field. Same with automotive software, power plant software, etc. etc. I agree that we should do this. But it's going to apply to only a small fraction of all software engineers, because licensing Web app developers is not practical.
What I do get nostalgic for is music without compression. So many recent recordings I find unlistenable, even when I like the music, because they're compressed to within a dB of their lives. This is a much bigger deal to me than digital vs. analog.
https://www.nytimes.com/2018/05/24/opinion/second-amendment-...
As for the restriction to single parents, I can certainly see the potential for unintended consequences. Paying people not to get married means fewer people will get married — just as paying people not to work, as the "welfare cliff" effectively does, means fewer people will work. I broadly support the idea of helping people who need help, but it needs to be done in such a way that it doesn't tend to trap them in their situations.
I see. This is why your language is called "K".
Permit me to disagree. Reading code is harder than writing it. Names should be easy to read. Typing can be assisted by autocomplete in editors -- already an old technology.
[0] https://www.ccs.neu.edu/home/stchang/pubs/ckg-popl2017.pdf