4 ms·
The problem isn't the rent, it's that we're renting. Even if your economy is strong, if the citizens don't have equity, market volatility puts them at significa
by peterwwillis 8y ago
The problem isn't the rent, it's that we're renting. Even if your economy is strong, if the citizens don't have equity, market volatility puts them at significant risk, which then puts your economy at risk. As more and more labor is shifted to cities, more people have to move to cities, which puts more of the economy in a dangerous position when the market can no longer support those people.
I think we need to increase people's economic security by increasing home equity, and stabilize the labor market to make it easier to get and keep a job regardless of where they live. This will require other changes, such as methods to encourage businesses to spread to neighboring cities, improvements in transportation, and probably legislative reforms to de-incentivize landowners' ability to destabilize markets.