2 ms·
A lot of comments in this thread about corporate buy-to-let seem reasonable, but only under the nihilistic assumption that prices cannot fall and home ownership
by bjackman 5y ago
A lot of comments in this thread about corporate buy-to-let seem reasonable, but only under the nihilistic assumption that prices cannot fall and home ownership must be perennially out of reach for the median earner.
What about instead of shifting from private parasitic landlords to corporate parasitic landlords, we just let people buy the homes they live in (by enacting one of many possible policies to limit the profitability of BTL and thus reduce competition for homebuyers)?
It just doesn't seem to make any sense to try and apply free market principles to housing. There's absolutely no benefit.
- lifty 5y agoIf we wouldn’t have a centrally planned monetary system that is trying to avoid deflation at all cost, I would agree with you. So for now, it seems that assets won’t be allowed to go down because it would blow up the debt based system that we have built. Central planning begets more central planning.