The Picard Maneuver@lemmy.world to Microblog Memes@lemmy.worldEnglish · 2 days agoWhat could go wrong?lemmy.worldimagemessage-square186fedilinkarrow-up11.33Karrow-down131
arrow-up11.29Karrow-down1imageWhat could go wrong?lemmy.worldThe Picard Maneuver@lemmy.world to Microblog Memes@lemmy.worldEnglish · 2 days agomessage-square186fedilink
minus-squareJasonDJ@lemmy.ziplinkfedilinkEnglisharrow-up13arrow-down2·2 days agoHome values themselves would tank. I imagine there would be far fewer people willing to pay thousands of dollars for a mortgage when rent is only $100 and maintenance is someone else’s problem. Hell, home maintenance and repairs alone are well more than that.
minus-squareManalith@midwest.sociallinkfedilinkEnglisharrow-up5arrow-down2·1 day agoThen maybe we could adjust our zoning laws and take better advantage of the land available. Houses aren’t very effective use of land.
Home values themselves would tank.
I imagine there would be far fewer people willing to pay thousands of dollars for a mortgage when rent is only $100 and maintenance is someone else’s problem. Hell, home maintenance and repairs alone are well more than that.
Then maybe we could adjust our zoning laws and take better advantage of the land available. Houses aren’t very effective use of land.