Comment by tbrownaw
2 days ago
Not unless we decide that personal mobility is evil, and start just assigning people to plots of land when they reach adulthood.
2 days ago
Not unless we decide that personal mobility is evil, and start just assigning people to plots of land when they reach adulthood.
Eh? I'm not talking about investing in your own home, but buying them simply as profit vehicles with no intention of living in them.
They're also buying risk. It's just during the last 10 years buying a home has happened to be a fantastic investment, an easy way for an individual with the ability to get a 200k loan to turn that into 400k+ with 0 effort, especially during COVID. The market could crash and purchasing would become a risk for everyone but the wealthiest once again.
You've now reached the core of hacker news. Profiting from other people's need to have a place to live is actually great. Anybody against it is a racist and also a nazi. The real evil people are those who work and pay taxes and rent. The true heroes are the landlords. Now the dictator is trying to steal the profits from the landlord heroes. If you're a real hacker, you stand tall for the landlords and the corporate investors. Otherwise, we'll denounce you!