Scalper economy
Scalper economy
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103 comments
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Housing is a basic human need, it shouldn’t be allowed to be only an investment. With the other items, you can just say “so don’t buy it”, which is not possible with housing, you have to pay for it, even of you wouldn’t like to.
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fumo is a basic human need
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Honestly, I get what you mean, but it also provides funding for new housing projects to be built first, and if you weren't allowed to invent in it it would also not really be possible to rent a house, since that relies on someone paying for the house first.
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Housing construction isn't funded by existing housing investment. It's generally funded by debt. Private or public, just like any other capital intensive endeavor. And debt isn't created by lending people's savings but by creating new money. By public or private lenders. (Private lenders create money too.) The only thing that is really needed ahead of time is labor, equipment and materials available. Financial capital is created on demand to mobilize those real resources.
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103 comments