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(((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. //
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