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This is really the crux of the issue. Wage stagnation and rent-seekers have priced-out most of the market, and it appears to only be getting worse. At some poin

This is really the crux of the issue. Wage stagnation and rent-seekers have priced-out most of the market, and it appears to only be getting worse. At some point a few people or corporations might own the majority of the housing, and be able to charge whatever rate they want to their renters and watch as their land values increase by 10% a year. Its really insane, and I don't see how it will end.

magduf 7y ago
>I don't see how it will end. Well, historically speaking, societies always tend to collapse when they can't figure out how to sustain themselves. So I think it's a safe assumption that our society will also collapse eventually.
deadmetheny 7y ago
>I don't see how it will end Spoilers: it's going to be extremely ugly
giobox 7y ago
While it seems to be a red rag to a bull for large swathes of the electorate in many countries, this is one of the things having a reasonable system of inheritance tax could presumably help reduce. The extent to which people can creatively hide/structure wealth to pass on to their children, creating a "landed gentry" class of sorts, seems to get worse with time. I certainly have observed anecdotally a large gap between those who inherited and were able to invest in property, and those who didn't and could not. It was interesting to observe the Conservative party in the UK revisit this issue (again) at their party conference, it's amazing how much it riles large sections of the UK electorate when only less than 5 percent of families in the UK ever actually meet the threshold where it has to be paid...