“The problem is that the supply of housing has been artificially restricted—by zoning codes, by deliberately sabotaged fire codes, by malfunctioning environmental laws—to the point where we simply do not build enough housing in the most desirable areas.”
“It's not just the megarich, the billionaires with yachts for their yachts. It's "don't call me a millionaire" millionaire homeowners, it's doctors, it's car dealers, it's cosmetologists.” www.liberalcurrents.com/its-not-the-...
The rentier economy that has a stranglehold on American quality of life includes a lot more than one percent of the population.
Remember when the Obama administration was pushing the line that people should rent instead of owning? They argued that it would enhance worker mobility which would be good for the economy
yes but also its speculative investors using housing as a commodity market?