I would love for the market to plummet where I’m at. Housing as an investment that outpaces wage is a primary problem here, if it crashed maybe half my income wouldn’t go to rent, and more and more people wouldn’t be pushed to the streets while people’s “investments” sit around empty, as they search for the perfect petless, 6 figure making tenant.
But because of that you are against the idea that it just shouldn’t take 20 years of saving and 10 years of payments for someone to have a decent home?
Honestly, that would be great news, and I hope you know many Americans would support deregulation of zoning laws for exactly this effect. A drop in housing prices is exactly what we need. People treating home ownership as an investment are the problem, home ownership should be more like owning a car: it’s a commodity, not an investment. We should not be subsidizing poor financial decisions, I feel bad for everyone wrapped up in it, but ultimately the system we’re in has been broken for a long, long time
Sure, but let’s say you build a section 8 settlement next to my house. I’m moving…immediately, and so are all the neighbors.
The entire market there plummets and you end up with Detroit.
So great, you solved the problem for a decade. Now what?
Wow, you’re selfish.
It’s a safety issue rather than a selfish one.
Why don’t you just come right out and say you hate poor people?
Saying poor areas are crime ridden is not controversial, nor does it imply one thing or another about said people. It’s just a fact of life.
I have lived in poor areas more than once. They were not crime ridden. So yes, that is controversial.
But I do love that your solution is for for poor people is to buy a home in what you say is a crime ridden area. Yeah, you really don’t hate them.
Lol…no…no you haven’t lived in a poor area. Nice try though.
I lived in South Gate, California, which borders Compton and Watts. Where have you lived?
I would love for the market to plummet where I’m at. Housing as an investment that outpaces wage is a primary problem here, if it crashed maybe half my income wouldn’t go to rent, and more and more people wouldn’t be pushed to the streets while people’s “investments” sit around empty, as they search for the perfect petless, 6 figure making tenant.
I should clarify…this is my only home. I’m anti-corpo buying property. It’s not like my 2nd home or I’m renting something out.
I have one house…I saved for 20 years to buy it, and I’ll be paying another 10 on it…it would destroy me if it lost 1/2 it’s value.
But because of that you are against the idea that it just shouldn’t take 20 years of saving and 10 years of payments for someone to have a decent home?
Honestly, that would be great news, and I hope you know many Americans would support deregulation of zoning laws for exactly this effect. A drop in housing prices is exactly what we need. People treating home ownership as an investment are the problem, home ownership should be more like owning a car: it’s a commodity, not an investment. We should not be subsidizing poor financial decisions, I feel bad for everyone wrapped up in it, but ultimately the system we’re in has been broken for a long, long time
loooool so you don’t know what’s going on in Portland, OR huh.