New Legislation Proposes to Take Wall Street Out of the Housing Market

return2ozma@lemmy.world to News@lemmy.world – 1445 points –
New Legislation Proposes to Take Wall Street Out of the Housing Market
nytimes.com
241

You are viewing a single comment

Making housing "affordable" by increasing the supply of new houses disproportionately benefits the wealthy.

Some people need to imagine how they can get cheap thingies while the people who they bought from still make a profit. Does this matter? With cheap houses they will have many children which will push for more houses until either the earth becomes just houses or their demands are squashed and they become sardines.

Does this matter?

Yes lol.

Also, fun fact, we can build really tall things.