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> outbid lower middle class households trying to buy a home, the lower middle class household will often be stuck renting in the long term. If the market is wo
by fc417fc802 2y ago
> outbid lower middle class households trying to buy a home, the lower middle class household will often be stuck renting in the long term.
If the market is working properly then additional units will be built until the price begins to drop. If there are buyers at a viable price then you should expect there to be sellers.
What you are describing is a lack of liquidity. That shouldn't happen in the typical case unless there is bad policy.
- jltsiren 2y agoBad policy seems to be the typical case. People can't even agree on what is good policy. Expecting them to implement good policy consistently is just unrealistic. Meanwhile, as we wait for the elusive capitalist utopia, there are real-world issues that should be solved. The solutions will likely involve policy changes. Which will likely have both positive and negative outcomes. And the negative outcomes will probably require further policy changes in the future.
- fc417fc802 2y ago> The solutions will likely involve policy changes. We're in agreement. My point was that the issue is due to policy. Landlords aren't the problem. Getting rid of landlords would at best be a tiny bandaid and you'd have to change policy to do it so you might as well just address the root cause.