Re:Home buyers need 80% more income to buy than 4 years ago
by zrn900 on Sunday March 17, 2024 @01:30PM
(#39736168)
> This is a cartel, not capitalism
When there wasnt regulatory capture in late 19th, entire US ended up getting owned by ~12 robber barons. The housing situation was the same back then: Barons would be buying up or building entire neighborhoods in which people would have to live like feudal tenants on knife's edge.
These futile attempts to redeem capitalism are making it difficult to address the problems that it creates.
When there wasnt regulatory capture in late 19th, entire US ended up getting owned by ~12 robber barons. The housing situation was the same back then: Barons would be buying up or building entire neighborhoods in which people would have to live like feudal tenants on knife's edge.
These futile attempts to redeem capitalism are making it difficult to address the problems that it creates.