Re:Oakland shows how to expand housing supply: tell develope...
by FussyZeus on Monday December 02, 2019 @12:12PM
(#21684359)
> Americans consider housing to be an investment.
Not just an investment, but for many, it's the investment. For most of the 99% property ownership is seen as the only reliable motive for social mobility. It's the only way to sustained and reliable long-term financial wealth.
I'm not saying you're wrong, I'm just saying asking people to give up their only solid method of upward social and financial mobility for the sake of fairness is a little callous, especially since all the other methods were discounted and are heavily tilted in favor of the 1% so they can cling to their mountains of gold just a little harder.
Not just an investment, but for many, it's the investment. For most of the 99% property ownership is seen as the only reliable motive for social mobility. It's the only way to sustained and reliable long-term financial wealth.
I'm not saying you're wrong, I'm just saying asking people to give up their only solid method of upward social and financial mobility for the sake of fairness is a little callous, especially since all the other methods were discounted and are heavily tilted in favor of the 1% so they can cling to their mountains of gold just a little harder.