There is only one solution for unaffordable housing: End the Fed. But the FIRE sector hirelings of the crony capitalist uniparty on Capitol Hill will propose "solutions" that further enrich their private equity and homebuilder donors and pimps, while making it easier for young adults to take on lifetime debt. #Serfdom!
https://thehill.com/business/personal-finance/5836866-young-adults-struggle-housing-market/
Posted by Key_Brief_8138
5 Comments
This lies largely at the feet of elitist HOAs and local housing authorities that consistently and artificially produce scarcity by preventing the construction of new homes.
Homes have to be built, but so long as HOAs vote down any proposal for additional housing, costs are going to only go higher and higher.
Ending the Fed is the most idiotic take, Key Brief.
The depths of your stupidity just keep getting lower and lower. You do realize that Boomers benefited from an economy bolstered by the Fed, right? Oh, and government subsidized housing post WW2. And that housing is more an accumulated disaster around local/national policy? Also largely exacerbated by privatized home builders.
Or has all the blood left your brain to feed your raging (though inept) anti-fed boner?
I don’t think they’ll ever be a fix. The problem is we’ve turned housing (a necessity like food) into a speculative asset for wealthy people. Without passing new laws restricting buying/selling it won’t ever get better. Congress doesn’t care at all because it’s anti-capitalist to reign in financial speculation.
What the fuck is your obsession with the fed? The reason housing sucks is because we’ve turned it into an investment/wealth vehicle for rich people
Report says 38% of 28 year olds have a home?
Is the data wrong here? Housing is stupid expensive, but I didn’t own a home until 33.