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Society in UK, USA, AUS,Canada has been destroyed by housing as a financial instrument instead of……. housing. And politicians love every dollar of price increa

Society in UK, USA, AUS,Canada has been destroyed by housing as a financial instrument instead of……. housing. And politicians love every dollar of price increase. There’s the homeowners and the renters/serfs and nothing in between. Dead society, nothing to aim for or live for.

phyalow 2y ago
New Zealand too. I totally agree. There is something utterly rotten with the seniorage abilities of commercial banks and the multigenerational distortions it has created by virtue of leveraged (mortgage) lending.
artemonster 2y ago
tbh I am so angry about this I dont even know with whom to be angry with in the first place. we just "got" here and everyone is just waving hands, especially politicians, that promise to fix housing crisis since 2000 and nothing happens, it just gets worse. I think some heads need to fly, french revolution style and that needs to be this violent in order for elites to be afraid again, idk what else can help.
- JonChesterfield 2y ago
  The leaders of violent revolutions aren't especially likely to govern with more skill or empathy than those they overthrew. The selection criteria of charismatic and violent isn't very well aligned with benevolent rule afterwards.
- throw__away7391 2y ago
  Be angry at the currently retiring generation. This was consciously and deliberately engineered for their benefit. They even had the wisdom to carve out property tax exemptions for themselves. Perhaps they did not bother to consider what the long term consequences would be, but that is to be expected. The politicians merely did their bidding.
  - deleted 2y ago
    [deleted]
naveen99 2y ago
Housing is naturally a valuable thing. From birds with nests, to dogs and lions marking their territory. it’s something valuable that you self custody.
Workaccount2 2y ago
Politicians love every dollar? Regular people own the overwhelming majority of homes, and they love every dollar of increase. The finger pointing at corporations or politicians is totally misguided. It's the locals who collectively are invested in their homes and collectively (through the votes they cast) create the disastrous situation we are in. Even the most bleeding heart liberal is all about "protecting the character of our neighborhood". Just look at San Francisco.
- prawn 2y ago
  I'd agree with this. In Australia, it is too financially attractive to own investment property and enough of the population makes it a political gamble (at the bare minimum) to change that.
- deleted 2y ago
  [deleted]
- FooBarBizBazz 2y ago
  > Even the most bleeding heart liberal is all about "protecting the character of our neighborhood". Just look at San Francisco. I love those green and saffron signs about welcoming refugees that they put in the neighborhoods where you can't touch property for under $2M. I want stickers I can slap on those signs that say "...if you can afford this neighborhood, lol."
- objektif 2y ago
  This is very accurate. Thanks for speaking out.

phyalow 2y ago

New Zealand too. I totally agree. There is something utterly rotten with the seniorage abilities of commercial banks and the multigenerational distortions it has created by virtue of leveraged (mortgage) lending.

artemonster 2y ago

tbh I am so angry about this I dont even know with whom to be angry with in the first place. we just "got" here and everyone is just waving hands, especially politicians, that promise to fix housing crisis since 2000 and nothing happens, it just gets worse. I think some heads need to fly, french revolution style and that needs to be this violent in order for elites to be afraid again, idk what else can help.

JonChesterfield 2y ago
The leaders of violent revolutions aren't especially likely to govern with more skill or empathy than those they overthrew. The selection criteria of charismatic and violent isn't very well aligned with benevolent rule afterwards.
throw__away7391 2y ago
Be angry at the currently retiring generation. This was consciously and deliberately engineered for their benefit. They even had the wisdom to carve out property tax exemptions for themselves. Perhaps they did not bother to consider what the long term consequences would be, but that is to be expected. The politicians merely did their bidding.
- deleted 2y ago
  [deleted]

naveen99 2y ago

Housing is naturally a valuable thing. From birds with nests, to dogs and lions marking their territory. it’s something valuable that you self custody.

Workaccount2 2y ago

Politicians love every dollar? Regular people own the overwhelming majority of homes, and they love every dollar of increase. The finger pointing at corporations or politicians is totally misguided. It's the locals who collectively are invested in their homes and collectively (through the votes they cast) create the disastrous situation we are in. Even the most bleeding heart liberal is all about "protecting the character of our neighborhood". Just look at San Francisco.

prawn 2y ago
I'd agree with this. In Australia, it is too financially attractive to own investment property and enough of the population makes it a political gamble (at the bare minimum) to change that.
deleted 2y ago
[deleted]
FooBarBizBazz 2y ago
> Even the most bleeding heart liberal is all about "protecting the character of our neighborhood". Just look at San Francisco. I love those green and saffron signs about welcoming refugees that they put in the neighborhoods where you can't touch property for under $2M. I want stickers I can slap on those signs that say "...if you can afford this neighborhood, lol."
objektif 2y ago
This is very accurate. Thanks for speaking out.