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A comment on Priced out of home ownership – 'It makes me want to throw up'. Parent comment

Re:Priced out of home ownership – 'It makes me want to throw... by __MatrixMan__ on Tuesday May 28, 2024 @09:28AM (#40500550)
The solution is to make the property-as-an-investment a less lucrative perspective by occasionally sabotaging the property value of (but not the ability to safely live in) houses that are not being used to house people.

A few high profile jury nullifications would probably be sufficient, but we gotta be the rational economic agents that the theories think we are and work together on this.

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Re:Priced out of home ownership – 'It makes me want to throw... by lazide on Tuesday May 28, 2024 @09:36AM (#40500619)
The issue is it takes significant pressure over time for any real effect to occur here.

Think San Francisco or New York in the 70’s type of ‘urban decay’. [https://amp.theguardian.com/cities/2015/may/18/welcome-to-fe...

A one-off broken window, or never cutting your grass isn’t going to do anything.

Realistically? High central bank rates for awhile does the same thing.

1974 had a fed rate of 10.74%, 1975 5.82%, etc. [https://www.macrotrends.net/2015/fed-funds-rate-historical-c...]

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Re:Priced out of home ownership – 'It makes me want to throw... by __MatrixMan__ on Tuesday May 28, 2024 @01:28PM (#40503170)
But we don't control the fed. The degree to which these investments are risky is our only lever.
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Re:Priced out of home ownership – 'It makes me want to throw... by lazide on Tuesday May 28, 2024 @03:57PM (#40504908)
Unless you’re forming your own street gang (or conspiracy in the city planning dept.), my point is that you aren’t meaningfully influencing how risky the investment is either.
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Re:Priced out of home ownership – 'It makes me want to throw... by __MatrixMan__ on Tuesday May 28, 2024 @11:30PM (#40508156)
I was going to go with "union", but I suppose "gang" does the same thing, just so long as it's a significant percentage of the population, organized and acting with restraint and purpose. Because I agree, a random act here and there wouldn't do the trick.
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