4 ms·

I assume the premise is that if we approach a home as something that has an investment value than it means we have an economy of people rent seeking and specula

I assume the premise is that if we approach a home as something that has an investment value than it means we have an economy of people rent seeking and speculatively buying and investing in property to make money. I guess the alternative would be to make it illegal to own housing you don't live in, which would definitely drive down prices but also possibly have other unforseen effects. In a world full of homelessness and ridiculous housing prices, I consider it worth exploring.

sokoloff 7y ago
> the alternative would be to make it illegal to own housing you don't live in In such a world, how would anyone find a rental to live in? There are benefits to being able to rent in many different life situations.
sigstoat 7y ago
> possibly have other unforseen effects possibly? besides, as the sibling comment notes, making it impossible for anyone to rent? a few more seconds of thought notes that it would also cause troubles for anyone inheriting a home. want to keep grandma's house until you can retire and move into it? nope, can only own one house, got to sell it off. want to move from one city to another, but you're having troubles selling your current house? nope, just got to auction it off and take whatever you get before you're allowed to leave.
- sokoloff 7y ago
  Want to borrow money for a mortgage? Banks aren't allowed to foreclose anymore, so mortgage lending is now unsecured, meaning higher down payments and interest rates...