News for hackers. Stuff that matters.

freethedream

Re:Why aren't you doing something about housing tyranny? on Wednesday February 17, 2016 @11:05PM (#11123652)
I'd also like to add this message to the tech industry, startups and entrepreneurs:

If people had more of their paychecks available to spend as they wish rather than on housing, just imagine how much more they would spend on the services and products you make than they currently do.

A switch to an economy where consumers are in the driver seat rather than one that is a pyramid scheme for wealthy real estate investors would boost the country's economic strength and growth potential immensely in all aspects.

Why aren't you doing something about housing tyranny?

An academic paper recently gave some real credibility to the urgence of the following issue.So basically, landlords collude with local governments all over US (I don't know how it is in other countries) to prevent the real estate rents/prices going down by making politicians restrict building more housing wider, and building more housing higher.The economic impact on the economy is staggering....

( Read More... | 6 comments | 14 points | on HN )