Profile picture
(((Yonatan Zunger))) @yonatanzunger
, 8 tweets, 2 min read Read on Twitter
Important note about this: A lot of the post-FMA US economy is based on the idea that most (white) people's main store of wealth would be in their homes. This makes any solution to a housing crisis intrinsically controversial: lowered costs would make many people lose everything.
The two big things which set the value of homes are regional scarcity and school districts. But why are schools in one neighborhood so much better than schools nearby? Because schools are funded primarily by local property taxes.
This isn't a coincidence: it's tied up with the history of redlining and post-Plessy school segregation. If school funding is tied to the district, then money from (relatively wealthy, white) districts won't be given to (relatively poor, black) districts.
The strictness of rules about who can attend which school follows from this and Brown v. Board, which banned explicit segregation of public schools. If you've redlined and segregated the neighborhoods, you end up with de facto school segregation, as well.
But a separate consequence of all of this, not tied to race, is that which school district your house is in is a major factor in how much the house costs.
This means that ordinary people are incentivized (1) not to solve housing shortages, and (2) not to improve schools outside their districts, because both of those would decrease their home values - and gut their savings.
(Remember that the value of people's homes is often their *only* store of wealth, which they're depending on to survive on later in life. The absence of strong pension systems and health care just strengthens that.)
The net outcome: This system mobilizes large numbers of people, not just small elites, to maintain not just inequalities but major social problems, because if they go away, they would be impoverished. //
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to (((Yonatan Zunger)))
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member and get exclusive features!

Premium member ($3.00/month or $30.00/year)

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!