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by tipsydoo 925 days ago
Which is why government should break their own scheme by building houses and selling them at-cost, or even subsidized (i.e., no-interest mortgage).

I'll fully admit that I've been radicalized by an adulthood of housing insecurity, and I no longer care about housing as an investment or even a market. The current system is cruel, and while I understand that it can never be perfect, the ease with which people's stable shelter can be ripped from them is appalling. Yes, even with eviction and foreclosure proceedings. There are many who would object vociferously to this because their own stability is based on housing's scarcity and inflated value, and while that may be a reality whose collapse we'd have to contend with, I have to think that anyone of good moral thought would recognize the fundamentally perverse nature of the status quo.