Individual property ownership should be outlawed. The perverse incentives outweigh the benefits. Private real estate is an exclusive monopoly protected by the g

Individual property ownership should be outlawed. The perverse incentives outweigh the benefits. Private real estate is an exclusive monopoly protected by the government. Housing appreciation is particularly appalling. Rarely is it due to any particular improvements an owner makes, rather its due to city or local changes which reward homeowners for no action of their own. Your schools received higher test scores, collect 35k, and pass Go. A factory ignored EPA regulations, lose 15k. There is no sense or reward for good decisions - just the whims of fate. In fast growing cities like SF, it's worse, home value grows off speculative home value, which grows off even more speculative home values. The monopoly self-reinforces. There is no reason for such an artificial monopoly to exist. The native Americans got this right. Communists got this right. The Chinese 90-year lease model looks much better.