Top Tweets for #BackTo3
Yes they are and the goal is to slow appreciation to a rate slower than wage growth for an extended time to get #BackTo3 like all Americans once had. Make housing boring again. Keep more of paychecks in peoples pockets again to help invigorate local economies and business startups.
@jaymart222 One can hope for a return to what we once had, the broad affordability the kids’ grandparents found when first buying a home across the country . #BackTo3
Slow steady incremental growth until we get #BackTo3 multiplier. Make housing boring and get all that $ back in people’s pockets again like it was when Grampa and Grandma bought their first home.
Hopefully the next generation can live in a USA closer to the #BackTo3 country we had in 1970 when the average working age adult could find a home for less than 3x their annual wage. It’s exactly the housing market silent gen and early boomers found. All it will take is states having the political to allow take back some of the zoning power they enabled locals with to allow by right incremental steady housing supply growth across metros in every municipality.
@dirtcheapbanks Yes. Back then a home cost less that 3 x an adult workers wage. We need to work our way #BackTo3 as our North Star for future generations. Wages need to grow faster than home appreciation for the next couple decades through steady market, housing supply growth.
Regional gentrification doesn’t just price people out of housing. It prices them out of faith in the system.
#BackTo3
@TJH314 @RidleyDM @StatisticUrban Sometimes the state needs to step in to open markets and weaken collective localigarcal power that is too strong , for the greater good of its citizens and for future generations.
#BackTo3
Home price doubling times,
by state and the 20 metros with the shortest times. FDR would gag at what liberals have allowed under their watch. In 1970 it was less than 3 nationally. #BackTo3 via incremental
market supply growth. @KimDriscollMA @SenSanders @ezraklein @DKThomp @CAgovernor @maura_healey @SamSeder
@SenWarren @ZohranKMamdani
@Boenau @FastCompany But sadly we still wait for the courage to change zoning that will end scarcity allow the improved density and mixed use we so desperately need to enable the transportation mode shifts we need. #BackTo3
@berkie1 @BostonGlobe #BackTo3 Incrementally through state zoning reform. 40k for this place in 1975. If it had tracked inflation it would would be 250k today.
@urownhalloffame Some of the best walkability is in inner metro Boston. Also 10x avg. median adult wage to buy a home in one of the most “progressive” places in US.
#BackTo3
@berkie1 @jarjoh @BostonGlobe State level reform so badly needed to ensure broad responsibility throughout metros. Sad to see cities and towns resist even modest change.
#BackTo3
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