[pydry]

This is functionally equivalent to voting to reduce the value of investor property portfolios. Building enough housing for everybody = building new supply = reducing the value of existing homes.

Since American political parties are utterly financially reliant upon donations from investors with property portfolios, you're rarely if ever able to vote against their interests as a group.

If the US were democratic like Finland rather than being an oligarchy then it might be possible, but at the moment, 60-70% of US voters craving single payer healthcare isn't enough to make that happen and that would only hit a specific group of investors. A finland style "housing for everybody program" is a political pipe dream given the damage it would do to donor portfolios.

[occz]

The financialization of housing has been an unmitigated disaster and must be rolled back at all costs. The responsible individuals are unfortunately long dead and we will never be able to hold them to account - the next best thing we can do is to reverse it.