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> I don’t get why housing should be a special carve-out and don’t see a workable answer to how to provide food for everyone while banning all investment in comp
by nuerow 5y ago
> I don’t get why housing should be a special carve-out and don’t see a workable answer to how to provide food for everyone while banning all investment in companies that grow or sell food.
The economy exists to support everyone's life, not the other way around. Just because you can argue someone can make a quick buck selling a basic necessity, that does not mean it's ok to deprive a whole community of basic necessities.
Take for example water. Would it be ok to hold everyone hostage over access to it, and even lobby for municipalities to stop the public sector from encroaching onto a service provided by a private business, just because Nestle and the likes bottle and sell it?
The current delta between the have and have-nots, and the profound impact that "small" real estate investments have on pushing access to housing far out of reach of your average middle and upper-middle class family, is a collosal social and economical red flag. Access to housing has a profound impact on everyone's lives and even community. You accept jobs based on access to housing, and the amount of time wasted supporting said job is time eaten away from the time you spend doing far more important things like caring for your children and family. Being deprived from that just because a faceless investor wanted to park his bailout money somewhere and decided to dump it in real estate hurts society.
- convolvatron 5y agoi think you misunderstand. the tail has been wagging the dog for some time now. it is not for the market to adapt to our needs, it is for us to adapt to the market and hopefully we can extract what we need.
- nuerow 5y ago> it is not for the market to adapt to our needs, it is for us to adapt to the market and hopefully we can extract what we need. The market isn't a magical entity which demands human sacrifices. It's quite possible to keep it reigned in with a combination of banning private property investments[1] with public housing and urban renewal projects. Cut down on detrimental demand and increase supply. [1] https://news.ycombinator.com/item?id=28422768 https://news.ycombinator.com/item?id=28422768