Opinionist, YIMBY, prefer cycling to driving places, would like more housing to lower rent and increase options. Let’s build a better future. Pseudonym.
DC
Joined July 2021
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i owe henderson an apology, she’s part of the more reasonable half on the d.c. council
AVs in DC are postponed indefinitely, with @charlesallen's bill receiving a tie vote in committee.
Votes for: Allen, Henderson, Mendelson
Votes against: Lewis George, Parker, Silverman
Build more homes retweeted
The housing market right now is a battle between the unstoppable force of nobody willing to buy houses with inflated values at 7% rates, and the immovable object of a majority of homeowners having locked in sub 3% rates who won’t sell unless basically desperate.
I know everyone is focused on Nvidia, but the U.S. housing market is in a dramatic slump.
Home sales in October fell to the lowest since 2010
(This is sales of existing homes).
Home sales and home building are drying up as mortgage rates remain above 7% (and home prices remain 50% above 2020 levels). There's unlikely to be much relief anytime soon.
This is a big pain point for many young Americans. Spain is currently experiencing strikes and riots over housing unaffordability. It's a warning to the US.
neighboring virginia is experiencing a housing boom but dc (and maryland) a housing bust. the district prioritizes misguided notions of social justice ahead of rewarding people for their hard work—and we all lose in the end.
In April the District permitted twenty-five (25) homes. There is just no way the city is going to build 72,000 units. There's no road there. If the city were permitting 500 units a month it would still take 12 years and that is 25x the number we're doing. City of Fantasy
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the housing target is a north star. whenever the merits of local opposition to new housing—or regulation pursuing some prosocial goal—are debated, the decision should consider: will it aid or hinder dc meeting its commitment to build 72,000 new homes in five years?
Build more homes retweeted
Dude. A driver just crashed through a playground in navy yard. DC has some of the least safe streets in the country and you’re fear mongering about AVs?
oof very good podcast episode
DC YIMBYs—@mattyglesias was on @CityCast_DC today to talk about why the incoming administration should scrap Inclusionary Zoning to jumpstart housing development again. podcasts.apple.com/us/podcas…
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Build more homes retweeted
I wanna see rent control go to the supreme court so bad because the counterfactual NYC without it is extremely fascinating
newcomers to dc will notice the constant sirens by oversized fire trucks in dc too. rarely there’s a working fire. fire departments need to get a heavy dose of efficiency.
Build more homes retweeted
LMAO at people who think it is more moral to tax sales rather than property.
Seriously LMAO.
I'm much more fine with people who are just FYGM but pretending this is about morality is unbearable
Build more homes retweeted
> Be James Talarico
> Co-sponsor statewide single-stair bill
> Win Texas by 12 pts
Clearly, the path to victory in America is through YIMBY single-stair reform.
Build more homes retweeted
Sometimes they just say it out loud.
“You can’t store personal property on the street,” said NYPD attorney Matt Russo. “A bike is personal property and a car is not.” buff.ly/OnSsIOK
Build more homes retweeted
Shift in U.S. homebuilders' costs since 2012, according to AEI Housing Center indices
+286% -> Residential land
+157% -> Home prices
+68% -> Rents
+52% -> Construction costs
+49% -> Construction wages
wish policymakers would take micro 101 and they’d never come up with IZ.
it’s a tax on the marginal improvement of the land, not the value of the land itself. it really discourages building that additional housing unit. matt explains why.
Exclusionary zoning is bad.
But "inclusionary zoning," rather than being the opposite of bad exclusionary zoning, is just the same old exclusionary barriers to multifamily housing given a new name.
Just say no!
open.substack.com/pub/capita…
Build more homes retweeted
Today in Capital Commonsense, we’ve got an article for all the YIMBYs. Our next mayor Janeese Lewis George will need to be bold to achieve her goal of 72,000 units of housing amidst capital flight. @mattyglesias says she should End Inclusionary Zoning. open.substack.com/pub/capita…
