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by zanny 3102 days ago
Property ownership as your sole investment apparatus is obviously flawed, but seeing the ownership of all land and property centralized even further into the hands of land barons and oligarchs who can afford to rent seek an entire population is much worse.

There was a lot of misguided misdirection in trying to sell every US citizen on home ownership, but there was also a tinge of romanticism towards the principle that maybe everyone could have their own small slice of the pie rather than a few fat cats owning the whole thing with all of us begging to borrow a piece.