4 ms·

In a just society, why would anyone own a house? Wouldn't we all be renters, and the rent would be reasonable, and we wouldn't be saddled with worrying about ma

• pydry 3y ago
  In a just society we'd have something akin to a land value tax. That would make land-lording into a low profit respectable profession and would drive slumlords out of business. The only way to profit would be to actually be good at it would be to manage homes well. Margins would come from that, not from property speculation (how trump made his money). It would also create a titanic amount of tax revenue from the non-productive economy (land hoarding) which would mean that taxes could be reduced or even eliminated on the productive economy (e.g. income taxes).
• bombcar 3y ago
  Ownership comes with privileges for the cost. Sure, you have to deal with major repairs, but you also get to choose the designs, colors, layout, and more for your house, and you don't have someone watching over your shoulder to "preserve their investment" beyond the bank requiring insurance. Ownership has other advantages for society beyond that, there's a reason people say "drive it like a rental".