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A comment on Home ownership is the West’s biggest economic-policy mistake. Parent comment

Re:Home ownership is the West’s biggest economic-policy mistake by bradlys on Tuesday April 20, 2021 @11:48AM (#26876235)
Why do people want intergenerational wealth transfer? Anytime we talk about billionaires passing down large sums of money to their children and creating dynasties out of it - it’s a bad thing. Yet, middle class to upper middle class does it and it’s a good thing?

I see it as problematic. Keeps the ground unlevel.

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Re:Home ownership is the West’s biggest economic-policy mistake by Viliam1234 on Tuesday April 20, 2021 @04:08PM (#26880825)
If you rent your house instead of buying it, it only means that someone else is passing their money to their kids. I mean, ultimately, someone owns the house, even if that person is not you, right?

An interesting solution is to decouple the price of the house from the price of the land it stands on, and then the government could rent the land and use that income instead of other taxes. Better description of this idea is here:

https://astralcodexten.substack.com/p/your-book-review-progr...

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Re:Home ownership is the West’s biggest economic-policy mistake by ckdarby on Wednesday April 21, 2021 @05:43AM (#26887337)
To allow the next generation the luxury of not being priced entirely out of the market.

The difference as you go down the wealth classes hits a point of, being able to afford a home at all or never being able to purchase a home.

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Re:Home ownership is the West’s biggest economic-policy mistake by tallon on Tuesday April 20, 2021 @03:42PM (#26880358)
I guess it's something you don't understand if you don't want/have kids.
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