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WeWork founder remains a billionaire even with firm’s bankruptcy | The Straits Times
(www.straitstimes.com)
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this post was submitted on 09 Nov 2023
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A Boring Dystopia
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Residentjal property shouldn't be allowed to be an investment. Or heavily taxed to make it unprofitable unless you live there yourself.
Why would anyone build new apartment buildings if that were the law? We desperately need to be building more housing, and denser housing.
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Selling the “feeling of ownership” to the have-nots. Wow.
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Just build more houses.
We have like 10 empty houses for every person experiencing homelessness. How many more do we need to build?
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There's plenty of room even in places like Venezia (source: I was living there). Problem is they are mostly empty because the rich oligarchs bought as an investment and keeps them there empty. This is also compounded by the scourge that is Airbnb that is pricing out everyone.
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No single word in the English vocabulary grates against me more than when I hear owners of residential property refer to it as "units".
It's so dehumanizing. Rather, it's monetizing humanity.
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I agree with the spirit of your comment, and I would only add that the practical implementation may need to allow for some leniency.
For instance, you shouldn't be forced to sell and buy elsewhere if your life circumstances change temporarily. The law in general could allow for renting somewhere and renting out elsewhere. But I would be onboard with the overall intent of such regulation.