Morgan Housel

And today they say, no, I really want the stability and the feeling of having made it into adulthood of owning a house before I do that.

And in the absence of that, it causes like tremendous problems.

So housing, affordable housing, I think is the single biggest social problem

certainly in America, probably in Canada right now, because so many other social problems that might seem bigger than that are downstream of housing.

A lot of the drug problem, the drug crisis is downstream from unaffordable housing.

The fertility crisis is downstream from unaffordable housing.

the degradation of politics is downstream from affordable housing.

Because if you don't feel like you're invested in your community or you're invested in your country, it's much easier to be like, burn the place down.

Who cares if politics is melting down?

You're not invested in it.

You're kind of transient in the system.

You can move to another city.

But as a homeowner myself, I know that like, I care deeply about local politics.

I care deeply about the local parks and the schools.

Like I am very invested in this community.

But if you're not,

You don't really care.

And so I think a lot of what's going on in politics can be tied to unaffordable housing.

Tucker Carlson, who I don't often agree with, said something I thought was very profound and true recently.

He said like a good, I'm paraphrasing him, but he said a good proxy for the health of a country is whether or not a 28-year-old can purchase a house.