4 ms·
Given the typically disproportionate cost of housing in most areas, I'm in favour of utterly massive protectionism/nationalization of housing infrastructure and
by broadstrokes 14y ago
Given the typically disproportionate cost of housing in most areas, I'm in favour of utterly massive protectionism/nationalization of housing infrastructure and other non-tradable goods fundamental to human need; disallow all speculative investment in property (foreign or otherwise), voila, instant price drops and quality of life increase for anyone who doesn't already own a home.
What isn't usually mentioned in discussions like this are the resulting lack of returns on investment on behalf of future retirees, but to be honest, I can't imagine why anyone would rationally expect an economy to be stable enough that they could plan not to work for 40+ years of their life - looking around the world, this delusion is almost exclusively a Western phenomenon; there are other valid models.
- orangecat 14y agodisallow all speculative investment in property (foreign or otherwise), voila, instant price drops and quality of life increase for anyone who doesn't already own a home. Well, that or massive shortages and black market sublets. I agree that housing is way too expensive, but before coming up with new ways to solve it with central planning, how about fixing the central planning that's a primary cause of the problem (e.g. http://news.ycombinator.com/item?id=4032046 http://news.ycombinator.com/item?id=4032046).