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Tay Zonday
@tayzonday
There is no American “housing crisis”— there’s a supply-hoarding crisis to rig local market prices above the liquidity of local buyer capital. The policy solution is simple: poison-pill tax all non-occupant-owned housing to force immediate sale to local buyers at actual market rates. Allowing unlimited non-local capital to supply-hoard vacant housing is simply anti-resident eugenics. Current residents are too poor, so replace them with richer ones— even if it causes widespread homelessness, forced migration and absurd energy costs for the displaced to commute. It’s as discriminatory as Federal Housing Administration redlining of black neighborhoods in the 1940s.
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Stuart
@olystuart
This is true but it really means there is a capitalism crisis. Because you're never going to be able to convince our capitalist government to do a reform that takes power away from the capitalists who own the government. The only housing reforms possible in a capitalist party like the Democrats are going to lead to more profit for developers and finance corporations. Kamala is appointing BlackRock executives, she's going to help them buy all our houses after we're evicted, no matter what they say on the campaign trail.
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Andreas Birath
@andreasbirath
can we just assume that both red and blue parties are cosplaying capitalists - and then move on to discuss how to fix problems?
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