4 ms·
It seems like the primary consumer of our money is the artificial lack of housing inventory brought upon by the ability of folks to own more than one property.
by dclowd9901 3y ago
It seems like the primary consumer of our money is the artificial lack of housing inventory brought upon by the ability of folks to own more than one property.
I suggest (and have suggested numerous times) that we disallow ownership of property for profit. Create a system that allows people to “buy” property short term through government loan structures that have very low interest rates and allows them to create an equity building mechanism early on. On paper it would have all the benefits of purchase with all of the benefits of leasing as well.
The flood of new available property would absolutely crash our current economy, since it’s so extended on property ownership, but we did it wrong and we need to correct.