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Why though? It perpetuates real-estate bubbles by incentivizing a large portion of the populace to speculate on non-productive assets. If real estate weren’t s
by oa335 4y ago
Why though? It perpetuates real-estate bubbles by incentivizing a large portion of the populace to speculate on non-productive assets. If real estate weren’t so highly incentivized in the US, I’d rather be a renter with a long term lease with all its legal protection and invest my money in a business or something. We’d have a much larger renting class and likely would be able to push through much more renter friendly policies. As it stands, majority of Americans act like bourgeoisie when they really aren’t.
- sroussey 4y agoThe end game of everyone is a renter is the government owns all residential.
- sroussey 4y agoWhen you have everyone is a renter, then renters change laws to make it not profitable for people to own rentals which the government eventually picks up. I don’t know anyone from eastern block countries living in the Soviet time that wants anything like that.