Profile picture
Next System Project @TheNextSystem
, 10 tweets, 6 min read Read on Twitter
Now livestreaming from our DC office: a discussion of the political economy of land and housing—with a focus on alternatives like community land trusts and social housing—featuring @L__Macfarlane, @peterjgowan, and @JarridGreen (cc @NEF @PplPolicyProj)
@L__Macfarlane @peterjgowan @JarridGreen @NEF @PplPolicyProj .@L__Macfarlane: 60% of global economic assets is real estate, approximately $217 trillion
.@L__Macfarlane: A growing fault line through our society: increases in land values are great for property owners, but create higher rents and less income for the rest of us
.@L__Macfarlane: Credit being created in today's liberalized economy is being used to invest in real estate in a land-credit feedback cycle, not in the real economy
.@L__Macfarlane: high returns offered by investment in property pushes up prices for housing while misallocating resources away from more productive and socially useful needs
.@peterjgowan: two ways to house your society—1) small tweaks around the edges of a private housing system to (maybe) help those left behind—with heavy state support for private home ownership or 2) social processes that are designed to deliver truly affordable housing for all
.@peterjgowan this second path—social housing—involves a public option in the housing market, which can significantly constrain the displacement/gentrification pressures in the rest of the sector that remains private
.@peterjgowan: in a private-dominated housing sector, construction of new units follows a boom/bust pattern (without driving down prices when supply is expanded!); in a housing system with a heavy social component, investment is countercyclical & prices are stabilized
.@JarridGreen: Part of the answer to the crisis of affordability and displacement are strategies of community control/ownership of land and housing like community land trusts, limited equity cooperatives, and resident owned communities.
.@JarridGreen: examples like @oakclt show how community control of land is larger than just (permanent) affordability—also includes community power to preserve/create community space, support neighborhood businesses
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Next System Project
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member and get exclusive features!

Premium member ($3.00/month or $30.00/year)

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!