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Housing needs to be affordable and have increased supply. Here’s how we can get it without taxpayer subsidy.
1. 50 year mortgages- stop your virtue signaling. This isn’t for everyone but in fast appreciating markets it can build wealth instead of renting. I’m fine restricting them to first time buyers, buyers with 700 credit scores, or something similar.
2. Roll back building codes 30 years. Almost none of these new codes add value despite claims of “saving lives” or fire safety. Yet these things easily add 20-30% to construction costs.
3. Put a maximum timeline and cost on entitlements. Endless studies and reports add cost and risk and rarely turn up anything that wasn’t obvious anecdotally.
4. Put the human habitat first. Obscure bugs and rodents shouldn’t have any influence on housing approvals.
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