And destroy the property values of all the people that worked their whole lives to own a home there. You're being myopic or selfish, neither is fair to your neighbors.
You can't afford a home for a multitude of reasons I'm sure, least of which is your neighbor insisting you shouldn't.
If you want an affordable home move somewhere affordable. You can't legislate affordable housing for yourself without introducing problems for everyone else. Someone just living in a home they bought is not actively preventing you from affording one, at least, they're the last people you should blame (even after yourself).
I think it's as simple as "if no one is living in your home in a permanentmannee you get taxed hard". Landlord shouldn't be able to sit on a vacant apartment unless they can show that literally no one applied for a room. A billionaire shouldn't be able to treat a house like a stock.
But again, I don't know what any of this has to do with small startups suffering from the main topic. Paying some 4k more per employee isn't a singular gatekeeper, it's a deal breaker for those who already are on thr fence.
Property values should not be an investment or retirement fund, it is selfish to think so. Literally, by definition, if you think the value of YOUR home and SOME of your neighbors should increase to price others out, that is selfish.
I don't disagree at all. I like the idea of homes being depreciating assets. America just doesn't subscribe to that and so paying a massive up front cost, there is some expectation no one is going to actively try to destroy your property value.
Because that is myopic or selfish. You didn't or couldn't buy a house when it was smart, now you want to screw over people who bought homes recently because prices are unaffordable. That is either selfish because you don't care about their property values (when they probably much like you had to work hard for it), or myopic because you didn't even consider it.
What exactly are you even proposing? You want the government to mandate cheaper land, construction material, and builder wages? To lower taxes on all of the above? People who think there is some simple solution "duh just build more houses!" are extremely myopic. Again it's not my problem, I'm not against building more houses and I also get NIMBY because "affordable" or government subsidized housing has a direct correlation to crime rates, lowering property values, and lowering the quality of schools.
Property prices are better off destroyed though. It doesn't take away the home from people who overpaid for it, making homes accessible is better for society outside of some myopic nonsense where someone's net value drops, the actual homeowner can just keep using their home as before.
> And destroy the property values of all the people that worked their whole lives to own a home there.
California stands alone as one of the top 5 or 6 biggest economies in the world. The 2008 GFC was a blip in our housing market even when the economy turned upside down. My city experienced less than 18 months of flat real estate prices before growing out of control again.
If an actual economic crisis caused by housing loans doesn't destroy California's housing market, forcing companies to pay their fair share certainly won't.
So if I invent an awesome new car, it's selfish because it's destroying the value of your beater? If I invent a new GPU that costs 1/10 the price of existing ones, it's selfish because your computer is now worthless on the secondary market?
Homes are to LIVE in, I consider them consumables just like cars, just on the order of ~a lifetime instead of ~10 years. I don't give a flying f about neighbors' house or car values, I just care that I have a comfortable roof to live under and that I can afford it.
I know boomers treat houses as investment assets. I don't. They're shitty return and high-maintainence as an investment. But I'd like to have my own so I can modify the hell out of it to my liking.
So basically you want to own a home with all the benefits that come with it but you don't think you should pay the market rate like everyone else because you deserve not to. And boomers are to blame for it. Gotcha.