4 ms·

I would really really, honestly know why the downvotes… Is a too simplistic view? If so, what is the enlightened view?

• mistrial9 2y ago
  guess -- "eliminate the rent seeking class" is directly threatening to the rent-seeking class members here, who directly downvote without discussion?
  • freitzkriesler2 2y ago
    Precisely. They know they're leaches .
• deleted 2y ago
  [deleted]
• tonfa 2y ago
  Not every country works the same, coming from a place with low home ownership (40%, mostly in countryside). Some ideas of what can be different: - lower flexibility (non liquid and concentrated investment) - many people will end up with majority of their savings in real estate instead of more productive part of the economy (companies, etc.) - might discourage people from seeking opportunities elsewhere if there's a high cost of selling/buying houses - in cities institutional owners (here a lot of buildings are owned by pension funds) can take a better care of multi family buildings (compared to a fragmented ownership where some owners might block even value preserving investment), it's also easier to mandate policies (e.g. better isolation, etc) for those institutional owners
  • freitzkriesler2 2y ago
    [flagged]
    • readthenotes1 2y ago
      I introduced myself to you in your comment currently "above":)
    • tonfa 2y ago
      > I have yet to ever meet these types of people where renting ever makes sense. They clearly don't exist. As I mentioned, not every country is the same :) Most buy vs. let simulation will tell you not to buy in over priced swiss cities. I'm happy to have pension funds take care of my housing needs for their 1 or 2% return and invest my equity in stock market instead of tying 1 or 2M on housing.
• freitzkriesler2 2y ago
  Because there are landlords here who are seething at a radical concept.