Houses should be depreciating assets, like vehicles, due to the maintenance and upkeep required. Instead it's turned speculative like the stock market. Like it or not, regulatory bodies need to be involved at this point or American citizens will not be homeowners in 30 years. (Not that they ever really owned their homes anyway, as you've pointed out with property taxes.) Unfortunately, half of america has been propagandized to believe that any regulations are bad, so i dont see this ship turning around.
Property taxes are one of the most unjust things - it means you never actually own your Property. There are still a few countries without Property tax.
I can see what you are saying if you compare houses to cars.... however, they arguably built better quality houses in the past (depending on your area) so old houses should be worth more.
There is also supply and demand. With the massive immigration levels into the West, they can't keep up with the demand for housing.
Realistically, regulatory bodies would probably not be helpful at this point, as they would likely just assist govt in destroying society. And put in racial/LGBT+ requirements.
Regulatory bodies would be EXTREMELY helpful in making laws like "businesses/corporations aren't allowed to own more than 25% of domestic residences" but that will never happen because:
A. They have the power of lobbying on their side
B. They have people like you arguing for them despite you having everything to lose and them having everything to gain.
Well, I can see where you are coming from in a fair and optimistic world.
Perhaps in theory more regulations would be beneficial but in practice, all large regulatory bodies are corrupt and end up screwing over the middle class. That's like hoping for a government that would be responsive to the needs of its citizens.
Who would make the regulations? Biden's buddies? Who would be on the committees? Biden and Friends SEC types? Who would enforce and monitor it? You get the picture.
I guess you have more faith in the people running the modern systems.
I haven't seen any real life examples of a financial regulatory body helping people.
We need to remove the corruption before putting in more rules that would only end up hurting the little guy while big business would get around it with a slap on the wrist.
Did any of the medical regulations help make the covid shots safer or benefit the average person?
I've seen national housing board question period and these people are unprepared for the future, wrapped in their own bubbles.
But again, in theory you might be correct and it is positive thinking. I would like better immigration regulations that would benefit the population.... but that is another example of something that won't happen until the ruling class changes.
Yeah makes no sense that around me mouldering farmhouses with no AC, ancient septic, and built 1900 or earlier keep going up in value. Even ones that sit on no real land. The required upkeep and renovations alone required to make it decent to live in are expensive but nobody ever lowers the price. Shit isn’t realistic.
Houses should be depreciating assets, like vehicles, due to the maintenance and upkeep required. Instead it's turned speculative like the stock market. Like it or not, regulatory bodies need to be involved at this point or American citizens will not be homeowners in 30 years. (Not that they ever really owned their homes anyway, as you've pointed out with property taxes.) Unfortunately, half of america has been propagandized to believe that any regulations are bad, so i dont see this ship turning around.
Property taxes are one of the most unjust things - it means you never actually own your Property. There are still a few countries without Property tax.
I can see what you are saying if you compare houses to cars.... however, they arguably built better quality houses in the past (depending on your area) so old houses should be worth more.
There is also supply and demand. With the massive immigration levels into the West, they can't keep up with the demand for housing.
Realistically, regulatory bodies would probably not be helpful at this point, as they would likely just assist govt in destroying society. And put in racial/LGBT+ requirements.
good thing you dont live in chiner.
land, period, can never be owned but only leased. and the max time for the lease cannot exceed 70yrs.
the CCP are smart fucks. there is no way to pass down generational wealth.
also, "land leases" make up like 40% of chiners GDP.
Regulatory bodies would be EXTREMELY helpful in making laws like "businesses/corporations aren't allowed to own more than 25% of domestic residences" but that will never happen because:
A. They have the power of lobbying on their side
B. They have people like you arguing for them despite you having everything to lose and them having everything to gain.
Well, I can see where you are coming from in a fair and optimistic world.
Perhaps in theory more regulations would be beneficial but in practice, all large regulatory bodies are corrupt and end up screwing over the middle class. That's like hoping for a government that would be responsive to the needs of its citizens.
Who would make the regulations? Biden's buddies? Who would be on the committees? Biden and Friends SEC types? Who would enforce and monitor it? You get the picture.
I guess you have more faith in the people running the modern systems.
I haven't seen any real life examples of a financial regulatory body helping people.
We need to remove the corruption before putting in more rules that would only end up hurting the little guy while big business would get around it with a slap on the wrist.
Did any of the medical regulations help make the covid shots safer or benefit the average person?
I've seen national housing board question period and these people are unprepared for the future, wrapped in their own bubbles.
But again, in theory you might be correct and it is positive thinking. I would like better immigration regulations that would benefit the population.... but that is another example of something that won't happen until the ruling class changes.
Yeah makes no sense that around me mouldering farmhouses with no AC, ancient septic, and built 1900 or earlier keep going up in value. Even ones that sit on no real land. The required upkeep and renovations alone required to make it decent to live in are expensive but nobody ever lowers the price. Shit isn’t realistic.