sure, in silicon valley. The rest of the US? Nope…that would be due to a variety of factors:
- allowing corporations to “own” homes.
- allowing individuals to personally own more than 1 home, EVEN if those other homes were vacant for 95% of the year. (this encourages the rich to “invest” in 2nd homes, or make them AirBnb’s)
- allowing foreign buyers at all (this encourages wasteful ultra-luxury real estate in places like manhattan)
- not building _enough_ housing, especially starter homes.
- corporations and billionaires taking a larger piece of the pie, which has cause stagnating income growth (except for a minor bump post-covid) for decades.
i could go on. Most of this problem was “manufactured” by the US govt via greedy (or in some case shortsighted) laws and policies. In other words, there are almost no strict policies on housing in the US. It’s a free for all, and the rich win. How surprising.
For context i own a home so im not personally affected. But i’m bitter because the people “at the top” in the US seem to hate everyone else. It’s an “i got mine attitude”. Shameful.
Comments
sure, in silicon valley. The rest of the US? Nope…that would be due to a variety of factors:
- allowing corporations to “own” homes.
- allowing individuals to personally own more than 1 home, EVEN if those other homes were vacant for 95% of the year. (this encourages the rich to “invest” in 2nd homes, or make them AirBnb’s)
- allowing foreign buyers at all (this encourages wasteful ultra-luxury real estate in places like manhattan)
- not building _enough_ housing, especially starter homes.
- corporations and billionaires taking a larger piece of the pie, which has cause stagnating income growth (except for a minor bump post-covid) for decades.
i could go on. Most of this problem was “manufactured” by the US govt via greedy (or in some case shortsighted) laws and policies. In other words, there are almost no strict policies on housing in the US. It’s a free for all, and the rich win. How surprising.
For context i own a home so im not personally affected. But i’m bitter because the people “at the top” in the US seem to hate everyone else. It’s an “i got mine attitude”. Shameful.