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Except the problem isn't investors buying property. Investors are buying up property for rental because it is profitable because there is huge demand for it be
by twawaaay 4y ago
Except the problem isn't investors buying property.
Investors are buying up property for rental because it is profitable because there is huge demand for it because a lot of people simply are unable to own their own house and that is because housing is getting expensive faster than salaries.
The problem is government tied in stupid games while important problems like encouraging new, more affordable housing is set aside as some kind of communist agenda. A house does not need to cost the equivalent of your entire life's savings.
Also government sleeping on the job not including useful knowledge in school curriculum -- like basics of personal finances and economics.
- daoist_shaman 4y ago> Also government sleeping on the job not including useful knowledge in school curriculum -- like basics of personal finances and economics. Seems intentional at this point. Keep 99% of the population as useful, financially-illiterate workers who don't realize they are being exploited by the 1% ruling class to whom laws don't apply.