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That does not follow at all. How would, for example, a college student with no assets be able to buy a house up front if landlording was illegal?
by baggy_trough 3y ago
That does not follow at all. How would, for example, a college student with no assets be able to buy a house up front if landlording was illegal?
- immibis 3y agoHow do they buy anything else, like textbooks or coffee? They have a student loan - that's how. You ever met a college student with an Xbox? If we stopped treating houses as an investment and started treating them as a commodity like Xboxes, you could afford one.
- baggy_trough 3y agoI very much doubt it because it takes many times as many resources to create a house than an Xbox. Making housing loans to people with no income or assets is a great way to cause a financial collapse, as we saw not too many years ago.