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Houses being investment is the bulk of it. But what's absurd is that people in US think they have right to have the value of their investment protected. So they
by scotty79 3y ago
Houses being investment is the bulk of it. But what's absurd is that people in US think they have right to have the value of their investment protected. So they oppose any regulation that might influence supply or demand for housing in unfavorable way for them. And politicians treat them as if they have a point instead lauging in their faces and saying, the point of investment is that you take the risk of having a loss.
- friendzis 3y agoLook, public healthcare is socialism. Just invest and cover your health expenses from profit. Look, public pension is socialism that is subject to political corruption, just invest and cover your expenses. Hey, we are going to slightly nuke your investment values for public good, which may seem a bit socialist... I'm partly joking, partly serious. The current state of affairs is roughly by design. At some point USA is going to be forced to have this conversation: how much socialism are we going to have? Are you going to deal with angry "homeless" or is universal housing availability so fundamentally good for society as a whole, that the government is going to enforce it some way, even if it comes at the expense of already housed?