Steve Randy Waldman
@interfluidity.com

in the kingdom of lies, honesty is treason.

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Steve Randy Waldman
@interfluidity.com

“nobody can be trusted w/absolute power, least of all the demagogues who seek it. The one good thing Trump’s trade policies are achieving is to demonstrate this yet again. They are harbingers of chaos. The world’s challenge is to survive the folly. The US’s is to end it.” www.ft.com/content/a3e6...

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The economic consequences of a mad king: Trump’s delight in doing whatever he wishes in the moment is incompatible with stability and sustained dynamism

The economic consequences of a mad king

Link Preview: The economic consequences of a mad king: Trump’s delight in doing whatever he wishes in the moment is incompatible with stability and sustained dynamism
Steve Randy Waldman
@interfluidity.com

hey, Jeff Bezos, Amazon Prime. instead of $40M for a documentary on Melania (really?), how about a fraction of that for a documentary on the life of Kilmar Abrego Garcia, his wife and the two children he is helping to raise?

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Steve Randy Waldman
@interfluidity.com

(i agree that Berkeley and its housing politics are, well, wow. students as pollution…)

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Steve Randy Waldman
@interfluidity.com

treating housing as primarily a private good is perhaps the apple in the (gated and quite pricey) garden of eden.

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Steve Randy Waldman
@interfluidity.com

(i’d say there are colorable rights on multiple sides that are in conflict. and i mostly wouldn’t attach a civil rights frame to any side.)

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Steve Randy Waldman
@interfluidity.com

I get that! I’m more torn about it than you are, and more optimistic about greenfield alternatives. I have to get to some work. If you haven’t had enough of me, you can get a write-up of basically what you’ve already heard here. Anyway, it was a pleasure. drafts.interfluidity.com/2024/06/13/y...

Yimboree

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Steve Randy Waldman
@interfluidity.com

i very much agree! www.interfluidity.com/v2/8654.html

interfluidity » Market dirigisme

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Steve Randy Waldman
@interfluidity.com

if you can persuade them your proposals will make them better off in the ways you describe, then they’ll agree, and we have nothing to argue about! the problem comes when they don’t agree, you say it will be good for their children, better for everyone, they say no, we don’t think so. then who wins?

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Steve Randy Waldman
@interfluidity.com

not special vote. special voice. ethically, is no deference owed to people who have devoted themselves to a geographically situated community as we consider how it should evolve? that would be an argument for some deference to local vs broader control, not some special class of voting shares.

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Steve Randy Waldman
@interfluidity.com

I agree very much that we want to reconfigure our housing and economic system so that “value go up” is not parasitically and irreconcilably attached to our need to house people. I don’t agree people participating in this nearly century old system don’t deserve some consideration as we transition.

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Steve Randy Waldman
@interfluidity.com

if you paint people unsympathetically and call them segregationists and parasites, you can talk yourself out of sympathy. it’s not a great habit though. 1/

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Steve Randy Waldman
@interfluidity.com

how about a young couple who scraped together a $200k down payment on a $1.6M Bay Area home which is now there only 8x levered asset? 2/

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Steve Randy Waldman
@interfluidity.com

is it understandable that couple might be extremely conservative about changes to the character of the neighborhood that might affect the value of nearby housing? 3/

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Steve Randy Waldman
@interfluidity.com

how about a long-time resident who actively participated in getting landscaping done on the medians and benches placed just so in what has become, with the work of people like her, an ever more charming place? should she have no special voice? 4/

in reply to self
Steve Randy Waldman
@interfluidity.com

i’m not saying she *should* be able to exclude the world. i’m saying these calls are often harder than YIMBYs give themselves license to pretend. /fin

in reply to self
Steve Randy Waldman
@interfluidity.com

(note there are two distinct claims YIMBYs sometimes make about local government. one is that it is unrepresentative *locally*, bc old white people turn up disproportionately or whatever. the other is that it defies a broader preference that should include nonlocal voices.) 1/

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Steve Randy Waldman
@interfluidity.com

(to the degree the 1st is true, it’s at least an ethically easy problem. local government should be reformed to be more inclusive, its choices more genuinely representative.) 2/

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Steve Randy Waldman
@interfluidity.com

(to the degree the 2nd is true, it’s more ethically fraught, a conflict between democratic action of the broader polity and minority rights.) /fin

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Steve Randy Waldman
@interfluidity.com

i’m not saying they should. i’m not as comfortable saying that the diffuse majority should override the intense, intimate preferences of locals either, though. i am comfortable saying it sets up very ugly fights, regardless of the institutional tools that will become less or more effective weapons.

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Steve Randy Waldman
@interfluidity.com

(the builder’s remedy stuff is fascinating to me. i’m excited to see how it plays out. it looks to be a real, and surprising-to-me, YIMBY success. but let’s see how it goes over time, whether it’s politically sustainable to continue to impose to actually enforce housing targets.)

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Steve Randy Waldman
@interfluidity.com

i don’t mean to tar YIMBY ideas as “communism”. i’m sorry if it came off that way. i’ve spent a lot of time in post-communist Romania, and it just really is true the communists built a lot of dense housing in ways we’d find impossible because local objectors were not enfranchised. 1/

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Steve Randy Waldman
@interfluidity.com

questions surrounding the breadth of enfranchisement are very complicated. on the one hand, sure, preferences as aggregated at a state level constitute enfranchisement as much as preferences aggregated at a neighborhood level. 2/

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Steve Randy Waldman
@interfluidity.com

but an important component of what we mean by “enfranchisement” in a liberal democracy (maybe that frame is now obsolete?) is respecting of certain rights even against larger majorities. freedom of speech is antidemocratic. minority rights are antidemocratic. 3/

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Steve Randy Waldman
@interfluidity.com

generally, we rely on a kind of subsidiarity with respect to rights allocation — what directly affects you and your life, what is “local” to you, is more rights-bound, less democratically controlled than things that are “larger”. you can decorate your own home as you will. 4/

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Steve Randy Waldman
@interfluidity.com

externalities complicate this picture. you can’t burn tires just because it’s in the backyard of your fenced home. local land-use control provokes externalities — much less new housing gets built in desirable localities than potential new residents would prefer. 5/

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Steve Randy Waldman
@interfluidity.com

i’m not here to tell you what’s right or wrong about the balance between a presumption that what’s local has rights against the broader polity vs the broader polity’s interest in overcoming the externalities of local choices. 6/

in reply to self
Steve Randy Waldman
@interfluidity.com

i’ll just say that the conflict is fraught, and if there are alternative paths to achieving the larger polity’s goals that don’t require overriding presumption and expectations of local control, making people feel powerless about what is very intimate to them, we should cet paribus prefer them. /fin

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Steve Randy Waldman
@interfluidity.com

i think you are putting your hopes too fervently on the formal institutional structure rather than the preferences of people on the ground. CA has made meaningful progress by pushing things up to the state level, especially ADUs. 1/

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Steve Randy Waldman
@interfluidity.com

but how often, actually, does a sizable project get built over the objections of affluent neighbors? in SF, so much of the controversy has been in the Mission, far from the most valuable neighborhood to develop. why? there’s no institutional or legal preference for developing there. 2/

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Steve Randy Waldman
@interfluidity.com

one can imagine a world where the broad public is more disenfranchised, and distinctions like “affluent” or “marginalized” cease to matter for political tractability. you might get a lot of dense housing built that way! eastern european communism did just that! 3/

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Steve Randy Waldman
@interfluidity.com

but centralizing power so dramatically might be undesirable for nonhousing reasons. 4/

in reply to self
Steve Randy Waldman
@interfluidity.com

as long as local publics have meaningful political power, and their interests are deeply levered into housing, and the value of housing is location, location, location, the “character” (often exclusivity) of neighborhoods… 5/

in reply to self
Steve Randy Waldman
@interfluidity.com

it’s going to be a hard fight to build over neighbors’ very passionate objections. /fin

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Steve Randy Waldman
@interfluidity.com

the key is not to be so manichean. it’s not an either/or choice. a dense new district in the Bay Area gets more agglomeration benefits than a new city in Nevada. 1/

in reply to this
Steve Randy Waldman
@interfluidity.com

does it get as much as if you could dramatically redevelop Pacific Heights or the Mission? no. but it’s lots more achievable (and lots less disruptive of actual people’s lives and interests, as an ethical matter). 2/

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Steve Randy Waldman
@interfluidity.com

the point is to find ways forward that manage the tradeoffs between agglomeration and disruption well. it’s an error to think you can optimize only for one of these. 3/

in reply to self
Steve Randy Waldman
@interfluidity.com

there are no reforms, larger or smaller, that will vanquish NIMBY politics, because its the preferences that make the politics, not the tools that get wielded. 4/

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Steve Randy Waldman
@interfluidity.com

yes, absolutely, new cities will eventually become as conservative as NIMBY neighborhoods, if they are successful and develop a base of residents who want to conserve what they love. 5/

in reply to self
Steve Randy Waldman
@interfluidity.com

but they are not there yet while the project is greenfield. well, most of them aren’t, there’s always somebody, but numbers matter in overcoming political objections. as California Forever has shown, if you are sufficiently arrogant, you can render even greenfield development politically toxic. /fin

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Steve Randy Waldman
@interfluidity.com

i guess what i’d say is zoning is more the symptom than the problem. in the absence of zoning, you’d still have angry inhabitants psychologically and financially levered into their neighborhood’s status quo devoting resources with great passion to blocking development. 1/

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Steve Randy Waldman
@interfluidity.com

yes. if it’s not zoning it’s environmental. if it’s not environmental it’s something else. the key point is people already live there. if you have not actually persuaded them that they *like* the changes they propose, they will find means of fighting you unless they are marginal+disenfranchised. 2/

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Steve Randy Waldman
@interfluidity.com

(plus, physically, retrofitting infrastructure is harder than planning capacity and building for it de novo.) /fin

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Steve Randy Waldman
@interfluidity.com

* they *like* the changes *you* propose…

in reply to self
Steve Randy Waldman
@interfluidity.com

there always is an “if done right” caveat. anything can be ruined if done poorly, corruptly. but we know from Europe it can be done right. read @holz-bau.bsky.social on baugruppen www.larchlab.com/baugruppen/

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baugruppen - larch lab: Better Living Through Baugruppen:a new approach to affordable urban living Housing prices in the US are completely out of balance. Affordable housing is difficult to attain in entire metropolitan area...

baugruppen - larch lab

Link Preview: baugruppen - larch lab: Better Living Through Baugruppen:a new approach to affordable urban living Housing prices in the US are completely out of balance. Affordable housing is difficult to attain in entire metropolitan area...
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