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haxor@derp.foo

Americans Must Earn $114,000 a Year to Afford a Typical Home (www.bloomberg.com)

submitted 2 years ago by haxor@derp.foo to c/hackernews@derp.foo

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[–] lemming934@lemmy.sdf.org 1 points 2 years ago

I’m not banning landlords I’m banning vulture funds, pension funds, agencies, conglomerates, multinationals etc. from owning homes.

I guess i missunderstood you. As far as I've seen, vacancies are quite low in places where housing is scarce. Investment properties are usually rented out.

would be lower, but you could buy a house and sell again in five years when you move on.

Closing costs are very high. It would be difficult to make housing cheap enough that the benifits to owning a home outweighs these costs. Also, you would need to sell the house quick, so that you don't pay for two houses at a time. But if housing was no longer scarce, it would be hard to sell the house quick.

I cant imaging a future where it makes sense for everyone to own their own home. We should always consider renters when making public policy, even though they have little political power.