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"The American Dream is dead, but that's good actually." - A Corporation Home ownership is declining and housing prices are skyrocketing because corporations are buying up houses and turning them into rentals. Or as they call them, "institutional investors." 🙄

They are right that past corporate monopolies like Bell labs invented breaking technologies such as the transistor. But they are seemingly unaware that it was US government antitrust actions that shook loose those hoarded technologies so that startups could commercialize them. /6

Matt Stoller knocks it out of the park with this piece on homebuilder consolidation, investor financialization and spiraling DFW housing costs. Builders are juicing home prices higher while preventing affordable housing from hitting the market. At the same time, investors

Matthew Zeitlin His argument that qualified mortgage regs have causally cut off entry housing supply by making housing too cheap hasn’t been cleanly laid out. It’s not clear on the specific regulations at play, doesn’t fit how non-QM loans behave, generally unclear how to falsify as presented.

The American Dream is dying in real time. In 2010, 50% of all homebuyers were first-timers. Today? Just 24%. Millennials are hitting their peak earning years—and still getting priced out. This isn’t just a housing problem. It’s a systemic failure.

Pick up a tool buddy and get to work doing something useful 🫵👷

This is like dark everything bagel liberalism. We’ll give you money for rural broadband but as a condition you have to allow AI companies to use your state population as mulch

The true Populist 🤝 Abundance housing synergy is that LIHTC creates windfalls for middlemen while doing a poor job delivering affordable housing and we need to fundamentally rethink our federal financing tools

Huge leakage at state level too, where transferrable tax credits can sell way below face value because demand not as robust as fed. When I was paying closer attention 25% or so of value to end user and brokers rather than projects they were meant to finance

Here's (almost) everything brands and creators need to know about this recent wave of influencer disclosure class actions: what's going on, how to avoid them. youtube.com/watch?v=0v4DCH…

in awe at the way the abundance gays sprang into action to defend the honor of big corporations after I wrote a piece saying that them abandoning pride en masse proves the skeptics were right all along

Lolz Josh Barro just blocked me. Weirdly, I haven’t interacted with Josh Barro since that one weekend two years ago when all of Twitter decided to mock Josh Barro for being a nepo baby 😂

before you clown on this for its proceduralism — there is ALSO a version of the bill language ready that will simply ban municipalities from passing the funding measures outright, including mass-defunding 22 existing taxes including on NON-residential real estate. Abbondanza!

Mr. Private Equity Manager calling Unions “parasitic shakedown cartels” is a whole new level of irony

More YIMBYs openly dismissing the law of price fixing, which also restricts the supply they purportedly seek. Pathetic.

Unions are the members and the members are people, organized. The fight is organized people against organized money and shockingly the organized money side wants you to believe that the only reason we aren't all richer is because organized people have too much power.

Just discovered this gem from 2021. Ron has been on the homebuilder monopolists' case for years!