My
last post explored the possibility of, instead of just eking out a
win, or more probably eking out a loss, in the 26 midterms, MAGA
riding a red wave to a permanent cultural shift if we handle the
illegal immigration mess with a hard headed, justice tempered with
mercy, approach. Similarly, housing is another challenging issue
which MAGA could convert into a culture shifting red wave if we could
rid ourselves of the fear the establishment Republicans use to blind
us to our own best interests.
Wall
Street is basically bamboozling Main Street on this because the
middle class concern about the housing market is all about preserving
property values. That middle class obsession with property values is
not only misplaced, but it puts many of the good people of this
country on the side of wickedness.
Many
of the working people, the middle class, have a large share of their
wealth tied up in the value of their property. Because of that, many
are scared that if truly low cost housing was allowed, via a truly
free market, that the equity in their house might decline, and
therefore their wealth,(their old age savings) might be lost, or
diminished. So the middle class can be counted on to defend strict,
value enhancing, zoning laws. This, even though such laws create
homelessness by preventing low cost housing from being built. The
moral blindness that drives this thinking doesn't make these middle
class folks exactly wicked, but it does make them complicit in
wickedness.
The
thing these “good” people don't see, their blind spot, is that
the real value of their house won't be diminished by allowing more
low cost housing to be built. Just as in the case of a growing
economy, when it is said a rising tide lifts all boats, so a lowering
tide will lower all boats. What that means, in this context, is
that the real wealth, not the monetary wealth, of middle class
housing won't really decline if more low cost housing is built.
By
way of explanation, let's be real here. Most of us will live in our
house until we either die, or we move into a nursing home. If, when
we die and pass that property on to our heirs, it will be worth just
as much housing as it is today, even if the monetary value of all
housing has declined. So the heirs will be able to use it as
housing, or transfer the equity to other housing, at just about the
same rates as today.
The
same holds true if one must convert that wealth into x number of
months in a nursing home (with the government taking over the costs
when that equity is expired). The folks working in those nursing
homes will be living in housing that is less expensive if the market
has declined, and so the number of months (x) that old house will pay
for in a nursing home will be about the same.
Ont
the other hand, the real bad actors in this scenario, the investors,
the developers, and the bankers might lose a great deal of real
wealth if the housing market was more free and fair. Since they
expect to convert their property wealth in to monetary wealth, a free
and fair housing market, with declining monetary value, will probably
cut into their vast wealth. Stop and consider the depth of
wickedness they are engaged in here, and that they scare the middle
class into supporting.
In
the name of propping up property values, they move heaven and earth
(and zoning boards) to prevent the building of almost all low cost
housing. To do so, they enlist the previously mentioned middle
class, who happily carry this wicked water. Then we have a situation
more cruel and barbaric than the most barbarous cultures in history.
The poorest of the poor are denied the God given right to erect the
most basic structure to get out of the elements.
“Oh
no,” we are pompously informed ,”we can't allow people to live
like that.” Meaning, we can't let them build the most efficient
housing they can with the materials nature and God provide. Instead,
we force them to live in tents, or sleep on urine and feces encrusted
sidewalks in the most crime ridden areas of our major cities. How
terribly compassionate of us.
If
any low cost housing is built, it is way overpriced, owned by the
government, and rented out to only the depressed and despairing.
Then it is used to micro manage their lives for as long as they will
put up with the micro management.
What's
more, this greed driven squelching of a free housing market has
profoundly negative effects on the morality of our nation. The
nearly impossible price of home ownership has driven most young
people out of the market. That has resulted in a steeply declining
marriage and birth rate as responsible young people put off starting
a family until it is affordable. This situation is a dire long term
threat to our civilization.
Even
further, since young people still have the same sexual drives as
previous generations, the seeming impossibility of achieving a stable
family life has caused the dubious allure of various forms of sexual
deviance, from heterosexual fornication on down, seem reasonable.
Thus much, if not most, of the sexual deviance afflicting modern
American society can be traced to the greed of property developers,
and the middle class dupes that help them.
These
days, a lot of well meaning people hoping for a moral revival will
quote II Chronicles 7:14
“if
my people, which are called by my name, shall humble themselves, and
pray, and seek my face, and turn from their wicked ways; then will I
hear from heaven, and will forgive their sin and heal their land.”
While
some few do take this sincerely to heart and try to refrain from some
abiding sin, most are more focused on the wicked ways of the other
fellow, including the aforementioned sexual deviance. Certainly, the
wickedness of their own obsession with property values escapes their
notice, and yet that, on closer inspection, is probably the very
thing God is referring to, and wants us to turn from.
It
would be relatively easy to change things (God willing), and it
wouldn't take any big government subsidies. Just lighten up on some
zoning laws, and maybe make some long needed modifications to how we
allow land to be owned.
What
I am referring to here is a concept I have long advocated, called
micro incremental housing. Allow people, usually young people, to
buy, not rent, micro plots of land, as small as 5' x8'. And then
allow them to build, or have built, extremely small, but expandable
domiciles on the plot of land.
With
this concept, the house, and land could start very small, but by
design be expandable in micro increments, as the probably low paid
worker could afford it. That way, a person just getting out of
school, even high school, could afford to get started in a house,
which they would own and be secure in. In the course of just a few
years of regular work and frugal living, they could own a small, two
bedroom, two story house.
Any
number of building technologies could be used for this, from hay
bales, to used tires, to (as I read about) a guy in South America
designed a system of adult sized lego style building blocks made from
recycled plastic grocery bags. Human ingenuity is the only limit to
what new uses of our high tech capabilities (3d printing) could be
creatively used in this effort. The only real barrier to overcome is
the wicked fear that prevents us from allowing the poor to be free
economically.
As
said, it won't take government involvement. No socialism needed.
Just some good hearted land owners, or some visionary churches or
civic organizations, offering the land for sale, by the square foot,
for what it typically costs to buy agricultural land. And the
original sellers will get that money back when the new owners buy the
plots reserved for them.
Yes,
in the name of sanitation and health, there will be some zoning
required, and some water needed. While that might be a problem, in
the face of agri-business use of that water for irrigation at the
rate of thousands of gallons an hour, it is reasonable to assert that
humans in houses should be a somewhat higher priority..
As in
the case of solving the illegal immigration mess, I don't want this
blog to sound like a dire warning about what will happen if folks
don't listen to my ideas. Rather, think about how much this will
benefit us if we would actually do it. Think of the benefits that
might accrue to our society if we could do this good thing.
The
young could plan on owning their own homes, at a young enough age
that they can start families at a young age, as God intended.
Marriage and child bearing (family formation) would increase,
probably accompanied by a proportional decrease in sexual deviance.
On a different note, since low paid workers could live, in these low
cost houses, on a much lower wage, we would probably be able to
attract manufacturing jobs back to these shores. Our workers could
live on a wage that would be competitive on the world market.
Combined
with tariff and immigration reforms, our economy might get to humming
so well that we would want to attenuate it so as to not drive other
nations into bankruptcy. That would be a nice problem to have.
All
of which brings us full circle back to the mid term elections of
2026. If MAGA could do this, break the thrall that the
establishment, country club Republicans have over the party by
freeing the housing market, it would benefit us greatly at the ballot
box. Sincerely working to break the logjam in low cost housing will
attract young voters (MAGA's worst demographic) in droves. Doing it
without resort to big government socialism will keep the economic
conservatives on board. The only losers would be the ultra wealthy
establishment, and who will they turn to? Communists like Mamdani?
To
sum up, solving the housing crisis with freedom, like solving the
immigration mess with compassion, could both be factors in a MAGA red
wave in 26.