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Corporate landlords are speculating on housing with central bank artificial lowered interest rates. Its also maybe not in accordance with UN human rights artic
by acd 5y ago
Corporate landlords are speculating on housing with central bank artificial lowered interest rates.
Its also maybe not in accordance with UN human rights article 17.
"Everyone has the right to own property alone as well as in association with others."
If a corporation owns the property and you have to rent then it may not be in compliance with article 17.
https://www.un.org/en/about-us/universal-declaration-of-human-rights https://www.un.org/en/about-us/universal-declaration-of-huma...
- dragonwriter 5y ago> If a corporation owns the property and you have to rent then it may not be in compliance with article 17. A corporation is a vehicle for owning property in association, so denying it the right to use itd assets to acquire property would arguably violate Article 17, as would not permitting such associative ownership vehicles. The right to own property doesn't imply the means to individually afford the particular quantity, class, or specific item of property you desire, only the freedom to use the resources you have to acquire property. EDIT: OTOH, if the market conditions the government allows to persist make adequate housing (not necessarily ownership) unaffordable, after whatever social support is provided and considering the cost of other necessities, it is a violation of Section 1 of Article 25. “Everyone has the right to a standard of living adequate for the health and well-being of himself and of his family, including food, clothing, housing and medical care and necessary social services, and the right to security in the event of unemployment, sickness, disability, widowhood, old age or other lack of livelihood in circumstances beyond his control.”