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by bradleyjg 1746 days ago
The problem is that it gets harder and harder for normal people to own anything ( build up wealth), while building wealth is the best retirement startegy there is.

This is the problem in a nutshell! It’s impossible for houses to continue to be great “wealth building” vehicles and for them be affordable. Politicians have prioritized the former and that’s how we got where we are.

If we want affordable housing for people to live in they can’t also be the universal investment vehicle. Those two objectives are in direct contradiction.

2 comments

I've often wondered, with enough knowledge to actually know, what would happen if renting housing was made illegal. I imagine prices would drop precipitously, maybe to a point where everyone can buy?
Marx's analysis is as relevant today as ever. The expansion of capital seeking ever-increasing sources of surplus value has left most of us as nothing more than serfs subject to the whims of landlords.
It's not very difficult to criticize capitalism. Figuring out a solution is a much harder problem.