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L.A. County wants to cap rent hikes at 3%. Landlords say that would push them to sell
(www.latimes.com)
this post was submitted on 09 Jun 2024
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State forces people to invest their money if they don't want it to be inflated into nothing, people choose housing in the hope to save wealth for the future. State destroys the value of the savers by devaluing housing. A fine example of the failure of central planning.
Housing is not suppose to be an investment. It’s suppose to HOUSE people. That fact that it is the most profitable investment is a failure of the legislature.
That's supports what I said.
That's what I said (not the most profitable though, just profitable).
Another bad economics take from swinging koala, must be a day ending in Y
One more time for the slow people I guess:
Housing can't be affordable AND a good investment. Investments have to grow above inflation. Affordable things CAN'T grow above inflation.
Ok so then stop investing in assets whose prices are propped up by the state. 🎻
That's what I do, I only buy bitcoin.
Ok so then why are you calling these rent-seeking parasites "savers"? They're relying on state violence for their investment to make any return at all.
Anything that becomes a vehicle for savings will have a higher market price than it otherwise would. Higher housing prices hurt tenants and taxpayers, higher imaginary points prices hurt nobody.
These pricks aren't your buddies and they aren't "saving". Fuck 'em.