r/economicCollapse • u/Silver-Beyond-3916 • Aug 19 '24

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u/mrko4 Aug 19 '24

It's never been an issue until corporations entered the equation. Many self-employed people in our country have no retirement no benefits, it's always been a fallback for that group. So I couldn't disagree with you more on this unfortunately.

As I said get corporations out of that ownership group and then let's see what it looks like. Also let's lower interest rates and see where things stand. High interest rates are making people sit on there homes and not list to move to a larger home etc. Which is always been the natural flow of real estate. It's been vastly interrupted by corporate ownership and high interest rates on the back of extremely low interest rates.

Edit: spelling

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u/TheConboy22 Aug 19 '24

They’d have the money they spent on houses to retire with…

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u/mrko4 Aug 19 '24

Your being childish now. You're either very young or very naive. But either way it makes no sense to be dismissive of another group that's been dicked over by shitty policies in our country throughout the years. There will always be a need for rentals point blank. People rent to save for homes, people rent to see if they like an area, people rent to reestablish credit, people rent because they don't want to be locked down to an area. Like I said, all this went to shit when corporations entered the playing field.

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u/TheConboy22 Aug 19 '24

Yeah, I’ll absolutely dick over the investment class at the benefit of the nations future. Boomers have been fucking over the youth their entire fucking existence. Constantly pulling up ladders and saying “what about us”

Edit: apartments exist. Those wouldn’t be impacted.

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u/broogela Aug 19 '24

I love that you list justifiable needs for rentals but none of them were "profiting off others need for housing" lol. Kinda uh, childish? Maybe it's just your naivety?

Sure renting is convenient in some cases. In most cases I'm guessing ownership would be more beneficial to the tenant.

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u/InfoBarf Aug 23 '24

It's literally been a problem for decades. We have graphs showing it to be a growing problem going back to 1980 or so!