this post was submitted on 08 Mar 2025
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A Boring Dystopia
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Agreed that the current administration is a dumpster fire and they will likely just burn HUD to the ground.
There are really only two options for housing. Either a single family home or a multiple dwelling unit.. apartments/duplexes and the like. I'm not sure what alternatives you're thinking of. For a MDU, someone has to own the property, and they will be responsible for its upkeep and any financial obligations. Perhaps a co-op might work, but there is nothing stopping anyone from doing that now, and almost no one does it.
Suggesting the government nationalize a property rental corporation is insane. It sounds like a good way to ruin our society when businesses flee for fear of being nationalized as well. If you think that sounds like a good idea, look at countries that have done this and ask yourself if YOU would want to live there. Any other anti-trust action would be much more appropriate. Certainly, it won't happen in the next four years, but if we have another election, taking down rental conglomerates would probably be insanely popular.
As for the 15 million vacant homes, read this: https://www.forbes.com/sites/brendarichardson/2022/03/07/16-million-homes-lie-empty-and-these-states-are-the-vacancy-hot-spots/
The majority of homes that remain vacant over long periods of time tend to be undesirable and cheaper. A question you could ask is, why don't people move to where the affordable homes are? Because they don't want to live there. They want to have affordable housing in the same place everybody else wants to live. People compete to live in more desirable areas, driving the prices up. Now housing is too expensive for people of lower incomes. How would you suggest we lower property costs in places like New York, Los Angeles, and San Francisco?