The RVs are a symptom. Going after the symptom doesn’t necessarily do anything to address the underlying issue. But the underlying issue is systemic, which makes it very difficult to fix.
Real estate is the primary source of wealth for most people in the US. To bring down housing costs would necessarily mean bringing down home values, leading to many people potentially losing a considerable amount of their personal net worth. And I’m not talking about billionaires, or even necessarily millionaires. I’m talking mostly about people whose net worth is in the hundreds of thousands, with the vast majority of that coming from any equity they might have in their home.
There’s no viable solution for fixing this that doesn’t result in those people losing at least some net worth, at least initially. Not that I can see, anyway. We need to do it anyway, but I understand why those people aren’t enthusiastic about it.
The RVs are a symptom. Going after the symptom doesn’t necessarily do anything to address the underlying issue. But the underlying issue is systemic, which makes it very difficult to fix.
Real estate is the primary source of wealth for most people in the US. To bring down housing costs would necessarily mean bringing down home values, leading to many people potentially losing a considerable amount of their personal net worth. And I’m not talking about billionaires, or even necessarily millionaires. I’m talking mostly about people whose net worth is in the hundreds of thousands, with the vast majority of that coming from any equity they might have in their home.
There’s no viable solution for fixing this that doesn’t result in those people losing at least some net worth, at least initially. Not that I can see, anyway. We need to do it anyway, but I understand why those people aren’t enthusiastic about it.