Charles Bastille
1 min readAug 18, 2024

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The thing about policy proposals like what she''s floated is that they are just starting points to begin the debates. But Americans are not nuanced enough politically to handle that kind of explanation, so she just spits things out.

That results in some people wrongly claiming she's pandering, when in truth, she's dealing with the simple fact that most people don't have any idea what they're talking about, even when they beat their chests and say they do.

A great example is her proposal to push back on investor home ownership. The general reason given is that 1/4 of all homes are owned by investors, with the implication being that corporations own 1/4 of all homes, which is possibly true if you consider mom and pop LLCs who flip homes. But in truth, the mega corps only own about 4% of homes. Still way too many, and I also think house flipping is causing huge price increases. So there's a real problem there, but it's complex and needs to be studied.

But everyone needs to weigh in on this kind of debate. Maybe I'm wrong about the effect of house flippers on prices. I'm willing to listen. So your idea of a way to democratize the process is a really good one.

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Charles Bastille
Charles Bastille

Written by Charles Bastille

Author of MagicLand & Psalm of Vampires. Join me on my Substack at https://www.ruminato.com/. All stories © 2020-24 by Charles Bastille

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