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> Hanging onto property long after you need it? Thats crazy. You're missing the point. Yes. It's financially suboptimal to do this. But it's destroying societ
by ADeerAppeared 2y ago
> Hanging onto property long after you need it? Thats crazy.
You're missing the point.
Yes. It's financially suboptimal to do this. But it's destroying society.
And while this requires policy change to fix, policy change is still "SUBOPTIMAL".
- dh2022 2y agoHow is this destroying society?
- carlosjobim 2y agoBecause young people cannot afford a home to raise their families in. Because enormous amounts of wealth from the productive sectors of the economy are being siphoned to the class of the landed gentry in exchange for no benefits to society at large. People love hating modern tech billionaires or old time industrialists, but this class at least create something and hire people.