It would be a crisis for anyone who wants to rent, because they won’t be able to anymore.
No one’s going to rent out an apartment if they’d have to do it at a huge loss. So as soon as this went into effect, all rentals would vanish and everyone who can’t afford to buy a house would be homeless.
It would only be an economic crisis for land owners who seek rent. Really housing shouldn’t be something that people profit from.
I mean, 0 new apartments would be built
You’ve discovered the problem with organising an economic system around profit
Until someone needs a home and they build it
Where are they living while they save up the several hundred thousand it costs to build one?
You’re right, the first time shelter was built in human history it was a Blackrock apartment complex.
How could i forget.
in which part of the world can people build tents that won’t immediately be torn down or vandalized? You make being part of society sound like hell.
Yes because we would decommodify housing and still commodify land.
Use your big boy brain instead of just the angry part
If you have to go back to before the concept of money was invented, you don’t really have a good point.
I didn’t.
Blackrock was the only corporate entity that had the building rights to the ferile cresent.
If it weren’t for them nobody would have ever had shelter.
God bless Blackrock
It would be a crisis for anyone who wants to rent, because they won’t be able to anymore.
No one’s going to rent out an apartment if they’d have to do it at a huge loss. So as soon as this went into effect, all rentals would vanish and everyone who can’t afford to buy a house would be homeless.