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Charlie Munger has a famous quote: "Show me the incentives, and I'll show you the outcome."
Both political parties have made homeownership a key priority while decrying the rise of build to rent communities funded by Wall Street. One big driver is that the tax code is nearly twice as favorable if new homes are sold to investors vs. homeowners.
Today in the @washingtonpost I argue that by creating tax parity, we can incentivize developers to build hundreds of thousands of starter homes without the need for subsidies, creating 2-3 new good paying construction jobs for every home built.
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