the problem is that one group (renters and people who cant afford to buy + recent buyers) feel "ripped off" by the system
The solution is either to get into the industry and solve problems, or get into politics and change the system to open it up to better economics of governance.
longtime property holders are unscathed
Gov't spends 2x to 3x more than necessary, if you look at any department and it's actual stated purposes. Rather than "scathing" the longtime property holders, better to open gov't up to serious inspection by finding and running actual public servants for office. There are too few.
After all, why do you want to "scathe" anyone?
I certainly agree it's all too expensive, even as one who has benefitted from asset inflation. The attitude and laws are directed towards concentration of wealth in a few politically-contributing hands. If I were young and broke, I'd rent, look to understand the political solutions, then look for ways to make money on correcting the current inequity, such as sweat equity programs, contracting, rehab work etc., all of which trade on the inflated values of r.e. assets, much as technology work traded on the inflated value of tech demand in recent years.
Ingenuity of the citizenry is unlimited.
Unfortunately so is gov't, if it's not more vigorously restrained. |
