Tuesday, August 3, 2021

What's REALLY behind the war on home ownership?

Right at the top of the list of things you definitely shouldn't own, is your own home.

Which praises what they call "The liquefaction of the housing market" and gleefully expounds on the idea that "The very features that made home buying an affordable and stable investment are coming to an end."

People all across America have been saddled with houses worth less than they bought them for since the 2008 economic crash, and are eager to take the cash from private investment firms paying 10-20% over market value.

In the last year, the private investment share of single-family home purchases is estimated to have increased ten-fold, going from 2% in 2018 to over 20% this year.

You see, all the "Selfish" people who already own homes are blocking the construction of new houses, and thus driving up the cost of property through scarcity.

That's enough to house all of America's roughly 500,000 homeless people 30x over.

It's the same reasoning behind the way working people were encouraged to take out loans and become debt slaves.
 

https://off-guardian.org/2021/07/31/whats-really-behind-the-war-on-home-ownership/ 

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