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> almost none of these units are "affordable" Of course, the point of new development is to ensure the housing price house of cards continues. Unfortunately i
by WrtCdEvrydy 8y ago
> almost none of these units are "affordable"
Of course, the point of new development is to ensure the housing price house of cards continues.
Unfortunately in the US, people consider their home an asset that needs to gain value, I'd actually rather have the states or the government own the property instead and just rent it to the people, but that's "COMMUNISM" and the end of the world.
- mamon 8y agoHow about some middle ground? In my country almost everyone owns their home/apartment, but they don't think about it about investment, because most people will live in the same home for most of their lives. So they don't care about the house price going up or down. Let people own their homes, just don't sell them bullshit that they are "investment" - regulate the financial markets, forbidding mortgage-based derivates and other instruments that artificially pump the home prices.
- WrtCdEvrydy 8y agoWe're big on guns, prisons and real estate in the US Stock Market. I'm wondering how big the bottom falling out will be.