Why the government took home prices out of its main inflation index

Re:Why the government took home prices out of its main infla... by jjoonathan on Friday May 27, 2022 @01:08PM (#31532006)

Nice try.

Landlords and homeowners and the finance industry don't control the market... they just form a political bloc that controls zoning and taxes and transportation infrastructure and central finance, and these knobs in turn control the market. For some reason, they always vote for policies that pump their holdings. Can't imagine why. These policies do create problems, though, and it's not only reasonable to attribute the problems back to the people who voted for them, it's unreasonable to do anything else.

"It's just the market!" is on par with "Look, a squirrel!" in terms of critical thinking.

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Re:Why the government took home prices out of its main infla... by tayne on Friday May 27, 2022 @01:23PM (#31532200)

Again, landlords aren’t a big enough group or coordinated enough to do anything. There’s no landlord lobby. Homeowners are a different story. It’s them who stop us from building more. But yea, it’s just the market and there’s no conspiracy and landlords are the last people to blame. Your comment on my cognitive abilities is a petty insult and is not allowed on this platform.

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Re:Why the government took home prices out of its main infla... by satokema on Friday May 27, 2022 @02:06PM (#31532756)

"You don't need a formal conspiracy when interests converge."

The landlords don't need to conspire - they know what's good for them and the politicians either own property themselves or are connected enough to landlords to help them out.

None of these parties have an immediate interest in the lower class affording housing or maintaining the community fabric in the long term - especially the faceless incorporated ones.

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Re:Why the government took home prices out of its main infla... by cudgy on Saturday May 28, 2022 @01:53AM (#31537953)

Blackrock doesn’t have any lobbyists? Apartment consortiums don’t have lobbyists?

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Re:Why the government took home prices out of its main infla... by imtringued on Saturday May 28, 2022 @08:10AM (#31539679)

Homeowners outnumber them and local politicians listen to them more than to some far away group of people in NYC. Really it is quite simple, homeowners vote in tax cuts for themselves which also apply to landlords.

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Re:Why the government took home prices out of its main infla... by cudgy on Sunday May 29, 2022 @02:53AM (#31547030)

Why would homeowners vote tax cuts for landlords as well? I wish that the politicians listened to the citizens. You have a very naive take on politicians and how they are motivated. Think campaign donations and hobnobbing for a cushy job when they leave office —- that’s what motivates politicians.

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