return2ozma@lemmy.world to News@lemmy.world · 2 years agoYou have to earn $115,000 a year to afford a typical house now in the USwww.axios.comexternal-linkmessage-square85fedilinkarrow-up1419arrow-down112
arrow-up1407arrow-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 · 2 years agomessage-square85fedilink
minus-squarealvvayson@lemmy.worldlinkfedilinkarrow-up46arrow-down2·2 years 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-up1·2 years 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.