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How would you view it if you were 30 years old, unable to buy a house, and if it was affecting you directly ? Would you rationnaly evaluate the situation and s

How would you view it if you were 30 years old, unable to buy a house, and if it was affecting you directly ? Would you rationnaly evaluate the situation and say 'yeah, that's fine, it will be better for my kids' or rather feel a very justified anger that bad politics effectively cost you ... the ability to buy a place to live during your, checking notes, only life you have on this earth ?

zht 2y ago
Why am I entitled to buy a house I isn’t understand
- harimau777 2y ago
  A big part of the social contract behind society is something like "the working class agrees to respect the private property rights of the capital class, in exchange society ensures that they are able to maintain a decent standard of living". Many people consider owning a home part of "a decent standard of living" both due to the economic stability it provides and due to the autonomy it provides. Another way to look at it is that a home is the primary large piece of property that most people own. Therefore, owning a home gives people a stake in a capitalist society. What both of these are getting at is that if common people are unable to buy a house then they are less likely to feel obligated to support the rules that society is built upon.
fragmede 2y ago
I wonder how Japan's 46% Buddhist population, which believes in reincarnation, checks religious texts, meaning they get another life on Earth, factors in here.
s1artibartfast 2y ago
This seems to be a seperate issue than ROI. If you need can afford a house but it take 30 years for a return, then most people are still happy. Inversely, If it is a 10 year ROI, but you cant afford it, they are unhappy. If you look at the US housing market of the last decade or two, the issue is closer to the 2nd case than the first. Base price is out of reach for most, but those that get have a excellent returns. I was extremely jealous when I couldn't by a first house but my friend who could pay 1 million did so, only to sell it 2 years later for 2 million. He did it again and now his current house is in the 6-8 million range, and I'm just getting in the market.

zht 2y ago

Why am I entitled to buy a house I isn’t understand

harimau777 2y ago
A big part of the social contract behind society is something like "the working class agrees to respect the private property rights of the capital class, in exchange society ensures that they are able to maintain a decent standard of living". Many people consider owning a home part of "a decent standard of living" both due to the economic stability it provides and due to the autonomy it provides. Another way to look at it is that a home is the primary large piece of property that most people own. Therefore, owning a home gives people a stake in a capitalist society. What both of these are getting at is that if common people are unable to buy a house then they are less likely to feel obligated to support the rules that society is built upon.

fragmede 2y ago

I wonder how Japan's 46% Buddhist population, which believes in reincarnation, checks religious texts, meaning they get another life on Earth, factors in here.

s1artibartfast 2y ago

This seems to be a seperate issue than ROI. If you need can afford a house but it take 30 years for a return, then most people are still happy. Inversely, If it is a 10 year ROI, but you cant afford it, they are unhappy. If you look at the US housing market of the last decade or two, the issue is closer to the 2nd case than the first. Base price is out of reach for most, but those that get have a excellent returns. I was extremely jealous when I couldn't by a first house but my friend who could pay 1 million did so, only to sell it 2 years later for 2 million. He did it again and now his current house is in the 6-8 million range, and I'm just getting in the market.