There’s finally a YIMBY or two in the U.S. Senate.
Well, that hurts my feelings.
Not my words. That’s Reason Magazine. But, you know, a baby also grows into an adult, so there’s a kind of optimism there as well. With tens of millions of dollars at HUD’s disposal at an agency that has a budget of tens of billions, how does this money make an impact?There’s two ways to look at that. First of all, it’s a fair amount of money. Second of all, it’s not that much money across the country.
Part of what we’re trying to do is depolarize this issue. There are some unusual left-and-right coalitions, and we want to move as fast as we can, but we don’t want to strip the screw here. It took 50 or 60 years to build that thicket of laws and rules and regs and processes that make it so difficult to build. And I don’t think it should take 50 years to unravel, but it’s not something we can achieve instantaneously.All right. Fair enough. That gets to the question of politics.
Well, it’s always attractive to tell anyone who is trying to make money that they should make less money. I’m sympathetic on an instinctual level to that. One of the criticisms of the YIMBY movement really comes from socialists who believe that until we change capitalism, we’re not going to change housing. And I’m not a socialist. I believe in capital markets, and I do not think all of housing should be provided by the government.
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