News for hackers. Stuff that matters.

A comment on Housing Can’t Be Both Affordable and a Good Investment (2018). Parent comment

Re:Housing Can’t Be Both Affordable and a Good Investment (2... by cletus on Thursday May 02, 2019 @11:20AM (#19808777)
Simple: unused land and unoccupied buildings ultimately kills the cities that make that land valuable in the first place. This is a classic case of a series of short-term logical decisions ultimately benefitting no one.

Cities are (or should be) for the people in them. Not simply a vehicle for the ultra-wealthy to park wealth.

[ Parent | on HN ]
Re:Housing Can’t Be Both Affordable and a Good Investment (2... by Spooky23 on Thursday May 02, 2019 @12:31PM (#19809661)
That's not compatible with how the law or principles of American governance work. Your home is your castle.

Ultra-wealthy aren't laundering money in real estate because property taxes are too low. The situation we have today is a obvious result of fiscal policy made in the 80s, that was predicted then.

[ Parent | on HN ]