Home ownership is the West’s biggest economic-policy mistake

Re:Home ownership is the West’s biggest economic-policy mistake by Ekaros on Tuesday April 20, 2021 @04:48AM (#26872243)

Owner occupation also has negative effects on economies. It limits mobility of labour. For example in many places you can't sell your property or it is exceedingly hard. Thus you are stuck with it. On other hand with renting mobility is simpler.

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Re:Home ownership is the West’s biggest economic-policy mistake by effie on Tuesday April 20, 2021 @09:16AM (#26874170)

> in many places you can't sell your property

This is very hard to understand. Why does this happen? Do you really own your property if you can't sell it? Or do you just have a permit to use it?

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Re:Home ownership is the West’s biggest economic-policy mistake by Ekaros on Tuesday April 20, 2021 @09:36AM (#26874449)

No one is willing to buy it. Think of Detroit, old towns build on single factory, mining towns. In quite many places like those there is minimal demand.

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