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by throwaway_jobs
2191 days ago
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> but that's not a solution to the housing problem at all and strongly disincentivizes investment in housing. It would strongly support homeownership. If “owners” couldn’t buy up multiple properties and become landlords but could only own 1 homestead...then property values would drop and renters would be capable of affording to own in mass. Unfortunately, we are about to see in short order what happens when renters stop paying rent in mass and landlords stop paying mortgage in mass. Hint: the renters and owners (collectively “taxpayers“) will both be robbed by their representatives again, and congress will bail out banks (again) so the banks can foreclose (on owners) and evict (renters). |
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