Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Abolishing single family zoning would solve the city’s housing crisis.

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Situation in Seattle Shows Why America Has an Unsolvable Housing Crisis and a Real Estate Bubble

What that really means is that the property values of mostly white, upper middle class people are more important than meeting a basic need of working families. It is perfectly okay for waiters to sleep in their cars and the poor to live under bridges as long as the high values of Amazon.com and Microsoft executives’ homes are maintained. Jeff Bezos does not have to worry about anybody constructing an apartment house on his block.

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