Yodan@lemm.eetoNot The Onion@lemmy.world•Trump names former wrestling executive Linda McMahon as his pick for education secretaryEnglish
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1 month agoSince literally everything in the government seems to be getting dismantled, what companies are going to pick up the pieces for these sectors? If we are drowning in a sinking ship we can at least invest in a life boat to buy eggs with and fight the impending inflation. The goal seems to shift trillions from government funding to private sectors and deregulate to let the friends of Trump get even wealthier.
I would argue that nobody should own a home they don’t actually live in. All renting out does is increase the housing cost overall because nobody would ever operate at a loss or to break even. This is the issue people have with say, Blackrock who buys hundreds of homes at a time and rents them out.
Your family aren’t bad people but the business they decided to take up is inherently bad by design. If the law changed tomorrow saying all multi homes must sell to non homeowners, everyone would watch prices drop and be able to afford it.
Using homes as an investment is at its basics, exploiting a need by interpreting it as a want or practical goods. Homes are for living in. The housing industry views homes like commodities as if people have a wide choice and selection when it’s really “Omg we can afford this one that popped up randomly, we have 12 hours to decide if we want to pay 50k more to beat others away” and then lose anyway after bidding to Blackrock who pays 100k over asking.