Thread by @IDoTheThinking

I hate repeating that this is a housing shortage but literally all indicators are identical. We're approaching WW2 levels of home scarcity yet we're not fighting the Axis and we have no nat'l rent control. The young can't move out their parents homes into homes that dont exist

I read the news story but used an old chart. Here's the 2020 version. We aren't approaching WW2 level housing woes, we've now surpassed it--in the number of 18-29 year olds living at home with their parents.

We have an aging population living in housing built for a post-war baby boom and then we stopped and now we're just out. The only ones who win here are speculators when everyone's competing for the few crumbs left.

Its time to admit that the American way of building wealth through homeownership to compensate for declining wages is a failure with inherent biases and flaws ripe for exploitation and inequity from the beginning

Its also time to just ban private equity from buying housing. 1 out of 5 buyers now. When your house is on fire we don't need private equity profiteering from the flames. Could put a capacity limit on the nunber of properties any is allowed to buy per municipality