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How Expensive Homes Are Shrinking India's Economic Future My column @91basispoints (Not behind a paywall. One time registration required.) India's housing boom is doing much more than making homes expensive. Bigger home loans mean bigger EMIs, leaving families with less money to spend and save. Affordable homes are disappearing from our cities, pushing people farther away from where the jobs are and forcing longer commutes. Many people now buy homes as investments instead of places to live, pushing prices even higher. And there may be another unexpected effect: high housing costs could be one reason why urban families are choosing to have fewer children. Housing is not just about real estate. It shapes how much we spend, how much we save, where we live, how long we travel to work and even the size of our families. The biggest effects of high home prices are the ones we don't notice immediately. basispointinsight.com/Story/Author/h…

Jeremy's ideas are always original My favorite from this one is "peak guy" and why the poaster is our new priestly class "I think the billionaire class has become subservient to the poasting class. It doesn't make sense that we spend so much time caring about what billionaires think about theology or health or topics unrelated to accruing a billion dollars. The reason we do is because these are the people that have ascended to the highest realm of piety in our value system. We've looked to them to provide us these answers and it has not been satisfying. Peak guy is I think we've had enough of the billionaire. The logical question is what is the next class, our next set of priests? I think it's the poaster. You can always look which class is subservient to the next to see who's next. I was at this thing with a bunch of billionaire investors and they were all fighting over who could sit next to @tylercowen because he's the most interesting person there."