AOC backed an idea to build homes and the ln hand over ownership to tenant cooperatives or non-profit orgs. Seemed like a decent idea on the surface.

https://gothamist.com/news/rep-aoc-unveils-new-housing-plan-to-spur-more-than-1m-affordable-homes

Mortgage rates coming down is not the answer. It’ll only drive up demand while supply stays the same. There is a major need for more supply. People will reply with the number of vacant units, but vacancy is a broad measure that ignores things like a house currently being sold and going through the closing process.

The country, as a whole, needs something like 6.5 million more housing units to meet demand at which point prices would come down.

It’s unfortunately not going to happen without government (local or federal) intervention.

This Freakonomics episode focuses more on rentals but the basic concepts are the same:

https://freakonomics.com/podcast/why-rent-control-doesnt-work/

It feels like Zuckerberg is out of ideas and just chases the trends to stay relevant. He was all in on the “metaverse” until he wasn’t because the concept disappeared. Now, he’s all in on AI because everyone else is. Even the quest, before it became the face of the metaverse, was him chasing another big idea from someone else.

He and the company haven’t had original ideas in a very long time. Even the smaller ones, like Stories and Reels, are just ideas copied from someone else.