Cedar转发了
In my opinion housing cost is the greatest threat to America's upward mobility and unity for the rising generation. It is such a huge problem, with many different causes (I can speak later on the biggest ones from my POV) that there will be several massive companies built to address it's various challenges. Not suprised to have two Antler companies called out here, as they are addressing key elements in this system. Cedar & Stairs Financial. #startups #housingmarket #venturecapital
I am 95% certain that the solution here does not sit with startups, with "tech-ing" through this mess. It sits with making such federal or state-wide laws that enormous housing investments become profitable in very rare situations, and even then with outsized social value. Blackstone and others are buying thousands of homes at a time and jacking up prices. Their ownership of the housing supply is the problem. Anti-trust laws must be activated, exponential taxes on institutional housing ownership levied, mandatory social impact studies & their submission to authorities before acquisition are just some of the tools that can be used here.
I totally agree. I think housing costs are a key driver in growing pessimism in rising generations. And it's totally fair. Just speaking for Utah, it's so absurdly expensive to buy anything. It's hard to feel hopeful growing up and seeing what houses sell for, comparing that to salaries, and realizing you have to have a two-income home or just rent out every bedroom to make it work.
I have a keen interest on this topic too! I found this paper the other day: https://bfi.uchicago.edu/insight/research-summary/the-strange-and-awful-path-of-productivity-in-the-us-construction-sector/ I hadn't thought about productivity of construction jobs as also being a bottleneck before. Figure you'd be interested as well! Found the paper through the Freakonomics podcast, and they do a great job covering it if you want to hear a high-level overview first + some interesting interviews on the topic: https://freakonomics.com/podcast/why-is-it-so-hard-and-expensive-to-build-anything-in-america/
Cash you should speak with Glenn Bean especially since his startup is working on an important solution to this problem.
100% agree with this
The government (HUD) is the single biggest reason why housing costs so much. Cc: Chad Cowan
cc Drew Meyers
So what's the root cause of that issue?