cross-posted from: https://lemmy.world/post/16031954
Doesn't matter how you try to justify it...
this post was submitted on 01 Jun 2024
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Housing Bubble 2: Return of the Ugly
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Not from this community, so I might get the vibe wrong, but is the idea that renting shouldn't exist at all? Because there are some situations where renting is preferable to ownership. Though none of that excuses price gouging, horrible practices, or disproportionate amount of space that renting takes up in the housing market.
No it shouldn't exist at all. It's a parasitic draw on the economy. Little different then peasants paying tribute to a King.
I'm not a capitalist be even if you are you should be able to recognize this. Even Adam Smith the father of capitalism was against rent seeking.
What are your opinions on neighborhoods comprising single family homes only?
They're fine, why would I be against them?
Rentals should be owned by the city and the rent they collect should go to maintaining the property and towards new housing developments for the same city. Done. I did it. You could even leave the housing market alone as far as buying and selling houses and everything would still probably work out just fine.
Maybe we shouldn't have private apartment complexes just like we shouldn't have private prisons.