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Re:JPMorgan to spend $1B on rental homes in the US to become... by pjc50 on Saturday December 31, 2022 @11:16AM (#34197769)
I note these are mostly US-specific reasons, but the property bubble has been a thing all over the world both now and pre-2008. It's a phenomenon of popular cities everywhere.
Re:JPMorgan to spend $1B on rental homes in the US to become... by gruez on Saturday December 31, 2022 @11:21AM (#34197827)
Those specific reasons might be US-specific, but other countries have other policies to favor home ownership for the same reason (ie. "voting demographics skew towards property owners"). For instance, it's pretty common in other countries to have capital gains exemption on houses.
Re:JPMorgan to spend $1B on rental homes in the US to become... by rightbyte on Saturday December 31, 2022 @11:40AM (#34198082)
> other countries have other policies to favor home ownership

You make it sound like a bad thing? Policies should favor the people. There are policies that favor renting flats too.

I believe the problem is not "making it a good deal to own your home". That should be the default anyway.

Re:JPMorgan to spend $1B on rental homes in the US to become... by rcpt on Saturday December 31, 2022 @11:24AM (#34197858)
Ah capital gains exemptions. I knew I was forgetting something!
Re:JPMorgan to spend $1B on rental homes in the US to become... by rcpt on Saturday December 31, 2022 @11:23AM (#34197849)
Whichever nation you live in likely has similar crap.

In China for example there's no property taxes and you can't send your kids to public schools unless you own property.

Re:JPMorgan to spend $1B on rental homes in the US to become... by NoToP on Saturday December 31, 2022 @11:46AM (#34198152)
China is a weird case where there is no property ownership per se, and all the property owners were sent to the fields, yet a generation later everyone is acting as if their 70 year lease is literally the same thing as property and entails the same rights of inheritance and so forth.
Re:JPMorgan to spend $1B on rental homes in the US to become... by rcpt on Saturday December 31, 2022 @02:48PM (#34200008)
I mean, the government kind of mandates property investment over there.