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  #206  
Old 09-05-2019, 05:05 PM
Deeg is offline
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Join Date: Jun 2008
Posts: 3,647
The problem is that Americans view their houses as an investment. They are happy with rising prices because their net worth increases and who cares if younger generations can't buy a house. As such they support politicians who will keep the prices rising. This leads to housing prices that rise faster than inflation, making it harder and harder for the poor to afford one.

People (generally liberals) support rent control because it achieves three goals:
- Keeps housing prices rising, protecting those investments.
- Appears to help the poor.
- Sticks it to those greedy landlords.

We need to change American perspective on houses-as-investments. Yeah, I know, good luck with that.