"We have seen corporate landlords—who own a larger share of the rental market than ever before—use inflation as an excuse to hike rents and reap excess profits beyond what should be considered fair and reasonable."
>On the other hand we want our houses to be good investments.
I don’t.
I understand you’re speaking in general terms here but no, i think having housing being tied to investments at all is a terrible idea we’ve just normalized.
The flip side of course we’ve experienced, like 2008 when the market went sour, putting people out of home and destroying retirement funds
I don’t think it’s a good idea either but we live in a society that effectively decided that we do want houses to be investments decades ago.
That’s entrenched now and many people bet their life savings on the promise that their house would be a good investment.
If we change that without taking those people into account they’re all screwed. While some rich people would get screwed in that process a whole lot of poor people would get screwed too.
>On the other hand we want our houses to be good investments.
I don’t.
I understand you’re speaking in general terms here but no, i think having housing being tied to investments at all is a terrible idea we’ve just normalized.
The flip side of course we’ve experienced, like 2008 when the market went sour, putting people out of home and destroying retirement funds
I don’t think it’s a good idea either but we live in a society that effectively decided that we do want houses to be investments decades ago. That’s entrenched now and many people bet their life savings on the promise that their house would be a good investment.
If we change that without taking those people into account they’re all screwed. While some rich people would get screwed in that process a whole lot of poor people would get screwed too.