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I believe that housing is a basic human necessarily, and that accordingly all governments should bar foreign ownership of housing inventory as an investment veh
by StevePerkins 4y ago
I believe that housing is a basic human necessarily, and that accordingly all governments should bar foreign ownership of housing inventory as an investment vehicle (I do draw a distinction between housing that you personally live in, versus AirBnB or rental property owned as an investment). I believe that one of the leading factors driving the U.S. housing crisis is foreign and institutional accumulation of housing stock, as an alternate investment vehicle since bond yields have shrunk so low.
However, it's easy to lose people with the "neocolonialism" histrionics. Obviously, human migration has been flowing in the opposite direction over the U.S.-Mexican border for many decades. There are real impacts of this on the U.S. working class, and rising anger over this is the fuel driving the wave of populism that we see today.
If people can ignore those impacts of Mexico-to-U.S. migration (even regarding the affected class with distain)... while expressing outrage over the comparatively minor impacts (i.e. only in border town) of reverse migration... then I can understand why such a large swath of rural Americans have grown angry and disaffected and feel like they're in a war.