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Not just landlords, but everyday home owners too. People who got a $X00k mortgage on a house by-and-large are not going to actively support policies which may
by mywittyname 5y ago
Not just landlords, but everyday home owners too. People who got a $X00k mortgage on a house by-and-large are not going to actively support policies which may reduce the asset backing that loan.
There would absolutely be long-term benefits to lowering housing costs in parts of the country, but some people are going to have to feel the short-term pain to make that happen.
- ladyattis 5y agoIt all comes down to the belief that someone has a guaranteed rate of return on a purchase they deem an investment whether it's a house or a corporate bond there's a baked-in sense of entitlement that sometimes flourishes as absurd laws and regulations.
- mistrial9 5y ago> which may reduce the asset backing that loan. IMO its worse than that.. no asset has been "reduced" yet the tempers and decision making get worse and worse.. This is a fundementally divisive issue that brings out the worst in people. Community is nowhere to be seen when it comes to private property and the dollars that come with it. It is a bitter end-game of an explosive and wealthy 100 years of growth in this part of the world.
- AtlasBarfed 5y agoTempers and radicalism are going up for one good reason: As the size of the loans go up, the stakes go up.