11–14 of 14 posts
I’ve got an idea. Both of these jobs are considered essential for a functioning society and are paid by taxpayers. Why not just pay them more? There is no reason that teachers and other public sector professionals should be “low income workers”.
Housing has been captured by people seeking a return on capital. There needs to be a recognition that housing prices rising faster than inflation and wages is overall bad thing. That owning a home is sometimes the only way for middle and lower classes to build wealth (and even then, only in a handful of markets) is an indictment of a economy that's not robust and not working for the majority of people. However, there…
Historically, per Schiller, housing has tracked inflation in the US
This is why housing affordability should be tied to income, rather than willingness to go into debt. As with education, once the banks can get a guarantee that they will be bailed out in case of trouble (explicit with education, implicit with housing) the race to the bottom commences. Prices go to the moon, everyone ends up in debt slavery There is a reason the church was so hard on usury. I hope it rediscovers the i…
This is why housing affordability should be tied to income, rather than willingness to go into debt. As with education, once the banks can get a guarantee that they will be bailed out in case of trouble (explicit with education, implicit with housing) the race to the bottom commences. Prices go to the moon, everyone ends up in debt slavery There is a reason the church was so hard on usury. I hope it rediscovers the i…
I would like to know more about this. What would it look like if housing prices were tied to income?