We should grasp that the home loan market (big chunk of US economy) was engineered to subsidize suburbia. It was made to power the transformation of the US economy from a war footing. It succeeded wildly for a few decades, but painted the economy into a dysfunctional corner. It will never fund enormous unmet needs.
A new system of finance must be engineered. Cities in the US are in a position to finance; globally something is needed.
GhostOnTheHalfShell /
npub1z3…rtxvc
2024-05-20 14:29:40
in reply to nevent1q…skl9
Author Public Key
npub1z3lxxu5tmqxp8vhd3tny9f0nqp5dljpynh9j6gzgeyes2ukmz0kq0rtxvcPublished at
2024-05-20 14:29:40Event JSON
{
"id": "c3a01eef7e7e8130625e6261c0ed85ef3561a8907b50e9ed8a8d0e482e64e1f1",
"pubkey": "147e63728bd80c13b2ed8ae642a5f30068dfc8249dcb2d2048c9330572db13ec",
"created_at": 1716208180,
"kind": 1,
"tags": [
[
"p",
"eeb176be491fceec57c1da56a053eab36075cab6f49e7cfa388659a2e319ef34"
],
[
"e",
"af0d59ce84125a1537e08a6897fc4d88346d877cf8de733fde33a8ec6052091f",
"",
"root"
],
[
"p",
"c4f1b2cf7e5e5a2a61355388eec82e841507a287a8963fa5566d342f9016f4d7"
],
[
"e",
"aeb7d267f6f79b031a4822828e5066fcb7d42e392f5b8b700ffda8e121184c75",
"",
"reply"
],
[
"p",
"147e63728bd80c13b2ed8ae642a5f30068dfc8249dcb2d2048c9330572db13ec"
],
[
"proxy",
"https://masto.ai/@GhostOnTheHalfShell/112473419317418603",
"web"
],
[
"p",
"ac05d25d11afd46780cbd4352a59ea265cfa20dc52d2c65433034cc3af33a79b"
],
[
"proxy",
"https://masto.ai/users/GhostOnTheHalfShell/statuses/112473419317418603",
"activitypub"
],
[
"L",
"pink.momostr"
],
[
"l",
"pink.momostr.activitypub:https://masto.ai/users/GhostOnTheHalfShell/statuses/112473419317418603",
"pink.momostr"
]
],
"content": "We should grasp that the home loan market (big chunk of US economy) was engineered to subsidize suburbia. It was made to power the transformation of the US economy from a war footing. It succeeded wildly for a few decades, but painted the economy into a dysfunctional corner. It will never fund enormous unmet needs.\n\nA new system of finance must be engineered. Cities in the US are in a position to finance; globally something is needed.",
"sig": "5f8b9a5dbdc92a8a1ab75c4c08a1fb31be8cdda4784e0a4417f0b3cfc2a780cbd8133be1930b5bde038a1e0603f67c8e90d55d0eae9d083af21468ee3f7f5b52"
}