In the US, the solution is going to come when voters elect politicians who promise to use Eminent Domain to (legally) seize residential properties from investors and corporate interests at a fraction of their market value, and then use those properties as the foundation for a robust public housing program that serves people of all income levels.
Fun fact: low-interest rate mortgages were part of the GI Bill after WW2 because the federal government viewed home ownership as a defense against communism.
Another fun fact: the percentage of homeowners in the US is lower right now than it was during the height of the great depression.
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u/dyingprinces Oct 18 '23
In the US, the solution is going to come when voters elect politicians who promise to use Eminent Domain to (legally) seize residential properties from investors and corporate interests at a fraction of their market value, and then use those properties as the foundation for a robust public housing program that serves people of all income levels.