5 ms·
> It's counter-intuitive but the majority of housing has to be non-owner-occupied for prices to fall It seems likely the only way this happens is if the majori
by bluefirebrand 4y ago
> It's counter-intuitive but the majority of housing has to be non-owner-occupied for prices to fall
It seems likely the only way this happens is if the majority of real estate is owned by corporations or governments.
Replace "corporations" with "wealthy nobility" and we don't need to imagine how that plays out. Historically that's never been good for workers.
- closedloop129 4y agoDon't forget that you are living in a democracy. If the tenants can make the rules they don't have to repeat history. However, as the zoning laws show, they are short-sighted, and most likely will repeat history.
- bluefirebrand 4y agoDemocracy is a system that rises out of power to the people. People who own nothing have little power.