You bring in the big guns and move the fucking earth.
How does that apply to the housing market? You bring out financial policy that makes homes worthless as investments, even for regular home owners, and destroy the asset value of homes almost completely.
One policy could literally drop housing prices by 80% by itself, it just can’t get passed by out government because voters don’t actually want affordable housing. The vast majority of Voters are invested in the market and have no interest in throwing away hundreds of thousands of dollars to make things affordable for others.
It really doesn’t have to do with Boomers, just home owners in general. Politicians won’t touch it until home ownership rates drop to a point where they aren’t the majority of voters anymore.
Certainly not with a bunch of small patches.
You bring in the big guns and move the fucking earth.
How does that apply to the housing market? You bring out financial policy that makes homes worthless as investments, even for regular home owners, and destroy the asset value of homes almost completely.
One policy could literally drop housing prices by 80% by itself, it just can’t get passed by out government because voters don’t actually want affordable housing. The vast majority of Voters are invested in the market and have no interest in throwing away hundreds of thousands of dollars to make things affordable for others.
We made real estate a tax haven for Boomers who refused to save. No politician will touch that model until the Boomers are all dead.
It really doesn’t have to do with Boomers, just home owners in general. Politicians won’t touch it until home ownership rates drop to a point where they aren’t the majority of voters anymore.