this post was submitted on 05 Apr 2025
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Lots of people buy homes as an investment, its not only large corporations that do this, and if someone bought a home expecting that when they sell it they will get most of their money back, or even a profit on it, they would really be harmed by a government guaranteeing effectively free housing for all. If you want such a world to exist, it can't be done instantly for sure
Profit or loss on real estate speculation should no more guide government policy than profit or loss on soy futures or baseball card investments. You want to use housing as an investment, you have to accept risk like any other investment.
Homeowners already are subsidized with mortgage interest and real estate tax deductions, something renters do not benefit from. Government housing policy should be crafted to support strong, stable, healthy communities.
Homes as an investment is what should be illegal. If you want to invest in real estate it should be commercial only.