3 ms·
I’ll just chip in here - home ownership in the US seems to be priced right at the level people can barely afford - and it takes a ton of time and requires 30 ye
by mlac 5y ago
I’ll just chip in here - home ownership in the US seems to be priced right at the level people can barely afford - and it takes a ton of time and requires 30 years to pay off (or trade up in just a few).
Home ownership is a way to keep people busy fixing the house, working or risk losing a basic need, and living at the edge of their means. Also invested in their own property and less willing to riot and revolt. Don’t get me wrong - I like my home a lot, but the cost is not much less expensive than rent after all the other associated expenses.
- throwaway7033 5y ago> Home ownership is a way to keep people busy fixing the house, working or risk losing a basic need, and living at the edge of their means. Also invested in their own property and less willing to riot and revolt. Don’t get me wrong - I like my home a lot, but the cost is not much less expensive than rent after all the other associated expenses. "No man who owns his own house and lot can be a communist. He has too much to do." - William Levitt
- DarylZero 5y ago> I like my home a lot, but the cost is not much less expensive than rent after all the other associated expenses. The cost is the same, but benefits include not just living space, but also equity. You can't sell a rental.
- tonyedgecombe 5y agoI'm not sure that is the whole story. Countries like Singapore don't have much home ownership yet they have a productive and compliant population. There are problems with land ownership but to me they seem related to inequality rather than anything else.