Rich Lowry

There you go.

Yeah, I missed that.

But homeownership is a universal aspiration and it's good for everyone.

And you want more people to be homeowners, not to punish people who happen to have enough resources to own homes and to really reduce the value of housing and to make rents lower and the price of houses lower.

You need a greater supply.

So you need to encourage people

developers and landlords to build and invest more.

And this is the exact opposite approach.

What does that mean?

A different relationship to property.

Does that mean your property is being taken from you or you can no longer own it?

And I don't know anyone whether they own the smallest little postage stamp property or the biggest mansion in the country.

Everyone is proud of their property.

Everyone's highly invested in it.

No one wants anyone to take a step on it without their permission.

This is a fundamental part of human nature, and that's why systems based on this worldview always and inevitably fail.

Yeah, so these rays are fine.

Maybe they're even helpful.

I do think they're in large part for show.

And I think the real action here, let me back up.