Morgan Housel

So I don't think around the edges.

I think the only thing that makes a difference is that we build more homes.

And this is what should be aggravating about it too.

Every solution to the housing crisis is how do we stimulate demand?

How can we lower interest rates?

How can we let people raid their 401ks for a down payment?

How can we give people housing assistance?

It's all stimulating demand and almost nothing wanting to touch the entire cause of the problem, which is supply, which is don't build enough homes.

And that again is largely a choice.

I mean, in lots of areas, the areas where by and large people want to live, the big cities in California and on the East Coast, it's very difficult to build, particularly if you're a big builder and you want to go build 100 homes.

Well, you're going to run into roadblock after roadblock after roadblock and petition from neighbors who say it's going to hurt the environment, it's going to hurt the view, we're going to shut it down, we're going to shut it down, to where the demand is there, the money is there, the materials are there, and you can't build a house.

You can't get a permit for it.

I was going to say Texas and Tokyo.

I can tell you've dug into this topic because those are pretty much the two major areas are Texas and Tokyo.

Tokyo is an extremely large city.

There's no cities in America anywhere near the size of Tokyo.

And it has relatively cheap housing because they build and build and build and build and build.

I think part of it, just from the psychology of politics, it's much more appealing to people.

If you say you've been screwed by that guy

and I have a fix that can help you tomorrow.