When housing is not an investment, you have far less incentive to improve or maintain the land you are on because you don’t own it and whatever you do may be met with hostility.
I think the problem isn’t with home ownership, it’s with unaffordability perpetuated by private equity and how our culture doesn’t see property ownership as a human right but instead as a privilege.
If we made residential property ownership illegal for businesses and limited individual property ownership to say, 5 properties, we’d all be better off. Rich people should be free to own places but they shouldn’t be able to profit off of it so much they choke out the middle class and play fucking monopoly with everyone’s lives.
God yes. I feel like I scratched the surface here because private equity is the problem but it gets so much weirder and worse with speculative markets.
When housing is not an investment, you have far less incentive to improve or maintain the land you are on because you don’t own it and whatever you do may be met with hostility.
I think the problem isn’t with home ownership, it’s with unaffordability perpetuated by private equity and how our culture doesn’t see property ownership as a human right but instead as a privilege.
If we made residential property ownership illegal for businesses and limited individual property ownership to say, 5 properties, we’d all be better off. Rich people should be free to own places but they shouldn’t be able to profit off of it so much they choke out the middle class and play fucking monopoly with everyone’s lives.
Removing speculation from the housing market doesn’t remove ownership.
God yes. I feel like I scratched the surface here because private equity is the problem but it gets so much weirder and worse with speculative markets.
fine, but taxes kick in on the second and get exponentially larger with each one
With that I’m fine with unlimited at like, 76% tax rate.