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>It's probably their pension income Sucks for them I guess. Maybe they should have diversified and invested in stocks or bonds instead of going all-in in housi
by Rinzler89 2y ago
>It's probably their pension income
Sucks for them I guess. Maybe they should have diversified and invested in stocks or bonds instead of going all-in in housing-for-rent "investment" and complaining it doesn't turn up to be a huge profit making scheme like they expected, and expect the government to cover their losses.
Someone's housing shouldn't be someone else's for-profit side-hustle gamble. It's why housing is such a mess in the first place.
You can't have housing be affordable AND provide hefty profit returns in private pockets at the same time. Those will always be in contradiction at odds with each other in capitalism.
Honestly, I expected better from the socialist French, that they would have solved affordable housing for the masses.
- throwaway1105q 2y agoYour mistake is assuming France is socialist just because of its relatively generous welfare. It's actually neoliberal capitalism with strong preference for large corporations. And that's why this would lead to a protest or at least voting preference shift - it'd be taking one of the last remaining assets in the hands of the middle class.
- throwaway1105q 2y agoBTW one more point... Publicly traded companies in Europe are not as usual as in the US. It's mostly private equity here. You can't just buy stocks or bonds, it's either very high risk or very low yield.