[deergomoo]

> Property tax isn’t voluntary and as exogenous as a landlord

I live in the UK. I have to pay the same rate of council tax for the property whether I own it or rent it.

However that’s completely beside the point: my council tax isn’t suddenly going to double overnight because a single person decided they can extract more money.

> Making the largest leveraged purchase of your life for an emotional comfort object is irrational

You are completely missing the point. A place to live that is truly your own is not like buying some luxury good.

I could buy your argument were it about buying a mansion vs a small family home, but the article is about people being unable to buy any home.