4 ms·
Since this a crazy hard problem that won't be solved in a comments section, how about playing with a completely silly idea instead: > Outlaw rental housing - f
by negativez 8y ago
Since this a crazy hard problem that won't be solved in a comments section, how about playing with a completely silly idea instead:
> Outlaw rental housing - force everyone to own their residence
The people we're most interested in helping are those pushed out by rising rents. Rents can't rise if they don't exist. New migrants can't drive rent up if rent doesn't exist - to the contrary, they would be increasing property value for all residents.
I'm confident we can make this work, people.
- jakelarkin 8y agoso instead of rent you pay interest, various property taxes, and hoa, maintenance, or property management. Most of which are still subject to inflation and price/wage disparity. a better high level discussion would be how to reform the policy goal of owning housing as saving mechanism and store of personal wealth, since it can't be both a great investment for the prior generation and affordable to the next one at the same time (if wages are stagnant)