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Agreed. But we could remove some of the economic incentive for investment properties and short-term rentals. No reason they should benefit so much from inflatio
by vanilla_nut 4y ago
Agreed. But we could remove some of the economic incentive for investment properties and short-term rentals. No reason they should benefit so much from inflation AND rent. Drawing that line is a difficult one, but I think it's clear that right now there are way too many incentives towards rent-seeking to the point where it's actually hurting folks who don't rent-seek.
- notyourwork 4y ago[flagged]
- mullen 4y ago> Housing is a tough problem in the same way the medical care is a tough problem. There are economics at play and individuals finances. I don't have a good solution but have trouble accepting blanket statements that sort of hand wavily ignore real market demand for things. These are not hard nor tough problems. Every industrial nation and many developing nations have the medical care issue solved. The US ignores solutions to the medical care issue due to our corrupt political system. Remove Legal Bribery from the political system and the US would implement a number of solutions that would solve about 80% of the medical care issues.
- notyourwork 4y agoThey are hard problems because of the political landscape in the US. Sorry but I thought that was implied by my statement. Clearly there are simple implementations that can solve the problem.
- nerdponx 4y agoThe political landscape in the US consists precisely of landlords and incumbent homeowners putting pressure on policymakers to keep prices high.