BraveSirZaphod ,
@BraveSirZaphod@kbin.social avatar

I actually agree with a lot of those proposals, but property ownership still comes with a level of long-term required investment that many people simply do not want and cannot afford. You could vaporize every landlord in New York City today, and the housing would still be incredibly valuable and far more expensive than most people could afford. I live here myself, and while I do hope to own some day, that's simply not financially feasible for me right now. People like me need to rent, and thus we need to rent from somebody. I only moved here a year ago, and I'm quite happy to have not had to combine all the hassle of moving with the added pressure of purchasing an asset that will tie up my net worth for a good few decades.

I can see some merit to systems like China or Singapore where land is leased directly from the government rather than private landlords (and arguably, given the existence of land and property taxes, it's a nominal distinction really), but still, you've got the existence of an intermediate owner that performs maintenance and searches for tenants, with the bonus and curse that that intermediate has no profit motive to actually perform that work.

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