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And the cause of rising rents and harder to get loans is a rise in home prices. Yet when we hear news reports about rising housing costs, we say that the housi
by YokoZar 10y ago
And the cause of rising rents and harder to get loans is a rise in home prices. Yet when we hear news reports about rising housing costs, we say that the housing market is "recovering" as though it's somehow a good thing.
Perhaps we should rethink our nationwide policies of raising housing costs.
- jackcosgrove 10y agoWe have policies that favor home owners because, 1) older people are more likely to own homes and they vote at higher rates, and 2) politicians love property tax revenue. If you don't vote and you don't fill their coffers, you're invisible to politicians.
- taurath 10y agoAnd there is a generation of people ready with hammers to knock down that wall of equity so they can afford to live. Right now we're in the negotiating phase. Wait for the right politician.
- codingmyway 10y agoThe occupy movement should have occupied all vacant buildings, a lot of which were effectively owned by banks, and demanded the return of squatters rights. Next time, get it right