I think it does describe some real problems. But the implied solution of forcing more people into the serfdom-like rental market is far worse than the problems they outline.
These problems become small when housing is affordable, so that seems the best policy to pursue. When everyone can easily afford a home, the decision of when to rent or buy can depend on personal preference and circumstance without the distortions created by housing as an investment vehicle.
Basically saying “hey be happy you don’t own a home if you want one”
What parts of the article gave you that impression? The article points out that property ownership has “become the primary means of American middle-class wealth creation” and “homeownership has created a class of winners”. Neither of those support your summary.
What got from the article is that property ownership is the primary type investment for Americans and home owners have little to no financial incentives in selling their homes but rather their in seeing housing and rental prices continue going up.
This article is a joke. Basically saying “hey be happy you don’t own a home if you want one”. Piss off.
I think it does describe some real problems. But the implied solution of forcing more people into the serfdom-like rental market is far worse than the problems they outline.
These problems become small when housing is affordable, so that seems the best policy to pursue. When everyone can easily afford a home, the decision of when to rent or buy can depend on personal preference and circumstance without the distortions created by housing as an investment vehicle.
What parts of the article gave you that impression? The article points out that property ownership has “become the primary means of American middle-class wealth creation” and “homeownership has created a class of winners”. Neither of those support your summary.
What got from the article is that property ownership is the primary type investment for Americans and home owners have little to no financial incentives in selling their homes but rather their in seeing housing and rental prices continue going up.