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> Housing cannot simultaneously be affordable if it is also supposed to increase in value endlessly. Someone has to lose. If there's a God and they are just th
by 26fingies 3y ago
> Housing cannot simultaneously be affordable if it is also supposed to increase in value endlessly. Someone has to lose.
If there's a God and they are just then the renters would win.
- soligern 3y agoNot to all the current homeowners that have bought over the last 30 years which is a LOT of people. The only realistic way both sides win is with government mandated rent caps on some housing in dense urban areas coupled with opening up of newer markets in smaller cities where people without a lot of financial resources should be able to buy at lower rates while developing new urban centers.
- 26fingies 3y agoWe already have these things and it hasn't done any good. Housing is still treated as an investment (these new growing markets sound like an opportunity) and it gets passed down to the renters. Really though this is true of basically everything in our society, the lower classes essentially subsidize the higher classes. Below the lowest classes in North America are the poor of the rest of the world who are left with almost nothing.