return2ozma@lemmy.world to News@lemmy.world · 9 months agoYou have to earn $115,000 a year to afford a typical house now in the USwww.axios.comexternal-linkmessage-square117fedilinkarrow-up1532arrow-down117
arrow-up1515arrow-down1external-linkYou have to earn $115,000 a year to afford a typical house now in the USwww.axios.comreturn2ozma@lemmy.world to News@lemmy.world · 9 months agomessage-square117fedilink
minus-squarealvvayson@lemmy.worldlinkfedilinkarrow-up67arrow-down2·9 months agoBuying a house is currently the backbone of middle class wealth. If we want a society with a lot of renters and a strong middle class, then we will need to introduce strict rent controls. Otherwise rent becomes a way for the owning class to exploit the working class. Over the past 4 decades we have greatly loosened rent controls and promoted home ownership. Either model can work, but most people seem to prefer owning their home rather than renting.
minus-squareWarmSoda@lemm.eelinkfedilinkarrow-up1·8 months agoYou can send me money for a down payment on a house at any time.
Buying a house is currently the backbone of middle class wealth.
If we want a society with a lot of renters and a strong middle class, then we will need to introduce strict rent controls.
Otherwise rent becomes a way for the owning class to exploit the working class.
Over the past 4 decades we have greatly loosened rent controls and promoted home ownership.
Either model can work, but most people seem to prefer owning their home rather than renting.
You can send me money for a down payment on a house at any time.