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This is incorrect. In a lot of countries people rent or have historically rented. Including America in the past. America subsidizes homeownership specifically
by graeme 5y ago
This is incorrect. In a lot of countries people rent or have historically rented. Including America in the past.
America subsidizes homeownership specifically so now everyone does that, but people’s first and only house is definitely an investment.
Housing is a basic need, homeownership isn’t one, any more than running a farm is a basic human need.
- deleted 5y ago[deleted]
- loeg 5y agoI think this is a non sequitur. The cost of renting is a direct proxy for the cost of homes. It doesn't matter who the owner is -- if home prices rise exponentially, rents rise exponentially.