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Every single home owner is an investor, and often it is there primary asset, that they put all their effort into maximizing financially, as much as possible. W

Every single home owner is an investor, and often it is there primary asset, that they put all their effort into maximizing financially, as much as possible. We do fundamentally disagree, I do not view homeowner profits as more virtuous than corporate profits, and in fact corporate profits will be less than resident homeowner profits, due to tax incentives. Housing is more important than profits, but corporate owned single family homes actually result in less profit than the current homeowner-run system.

toomuchtodo 3y ago
Do you support rent control? You're making the argument the fight is between homeowners and renters, but you're not addressing landlord profiteering. How will you ensure rent is affordable for renters (as I've shown, it clear isn't for 30-50% of Americans) if increasing supply does not increase affordability?
- epistasis 3y ago
  This is a completely unrelated issue, but I do support rent control. Rents were completely unaffordable before the corporate story entered the picture, and at only 11% of the SFH market, it's not the main issue, and perhaps most importantly, nobody ever complained about corporate ownership of apartment buildings. Rents are completely unaffordable even in places that have rent control. The only affordability measure that works is providing enough housing to meet people's desire to live in a place. I ask you, what are homeowners' profits virtuous but corporate profits not? The corporate ownership of SFH is a sign that there are huge profits in owning homes, not the cause of it.
  - toomuchtodo 3y ago
    Homeowners should be taxed on their primary residence gains just as corporations should be. I am fully in favor of removing the primary residence tax exemption.
    - epistasis 3y ago
      We can agree on this! Would you be in favor of changing the system such that homeownership is no longer such a profitable endeavor, where it leads to unaffordability for future generations? This is the core of the problem in my view, and corporate ownership is a way of distracting people from taking political action on the core problem confronting our housing situation.
      - toomuchtodo 3y ago
        Of course! Housing should be housing, not a pyramid scheme asset class.

toomuchtodo 3y ago

Do you support rent control? You're making the argument the fight is between homeowners and renters, but you're not addressing landlord profiteering. How will you ensure rent is affordable for renters (as I've shown, it clear isn't for 30-50% of Americans) if increasing supply does not increase affordability?

epistasis 3y ago
This is a completely unrelated issue, but I do support rent control. Rents were completely unaffordable before the corporate story entered the picture, and at only 11% of the SFH market, it's not the main issue, and perhaps most importantly, nobody ever complained about corporate ownership of apartment buildings. Rents are completely unaffordable even in places that have rent control. The only affordability measure that works is providing enough housing to meet people's desire to live in a place. I ask you, what are homeowners' profits virtuous but corporate profits not? The corporate ownership of SFH is a sign that there are huge profits in owning homes, not the cause of it.
- toomuchtodo 3y ago
  Homeowners should be taxed on their primary residence gains just as corporations should be. I am fully in favor of removing the primary residence tax exemption.
  - epistasis 3y ago
    We can agree on this! Would you be in favor of changing the system such that homeownership is no longer such a profitable endeavor, where it leads to unaffordability for future generations? This is the core of the problem in my view, and corporate ownership is a way of distracting people from taking political action on the core problem confronting our housing situation.
    - toomuchtodo 3y ago
      Of course! Housing should be housing, not a pyramid scheme asset class.