- 14 Jan 2022 15:18
#15207253
It's mostly people buying and investing in housing to resell. That is exactly the problem. We treat hosing as an investment first, and housing second. Slum lords and property developers, fuck them all. The easy money is allowing more of these people to amass more properties, as they amass them, they are pushing up rents (and mortgages). This allows those with money (i.e. the rich) to price out more and more people. It's fewer people/companies buying up more and more properties. Turning more and more people into the forever renter class.
EAT THE LANDED GENTRY!
RAISE THOSE INTEREST RATES!
The housing industry needs to become less profitable and less predatory. It is sucking away too much money from people.
JohnRawls wrote:Higher housing demand is good if it is the citizens of your own country buying them and not people who just want to resell or invest.
It's mostly people buying and investing in housing to resell. That is exactly the problem. We treat hosing as an investment first, and housing second. Slum lords and property developers, fuck them all. The easy money is allowing more of these people to amass more properties, as they amass them, they are pushing up rents (and mortgages). This allows those with money (i.e. the rich) to price out more and more people. It's fewer people/companies buying up more and more properties. Turning more and more people into the forever renter class.
EAT THE LANDED GENTRY!
RAISE THOSE INTEREST RATES!
The housing industry needs to become less profitable and less predatory. It is sucking away too much money from people.
I can think of 11780 reasons Trump shouldn't be president ever again.