“…millions of families losing their entire life savings as their hard earned property value drops through the floor.”
so much ideology to unpack in this sentence, but my favorite part is someone leveraging their credit rating to hoard housing, creating artificial scarcity while also creating the material conditions for some poor schmuck to have to pay off Good Credit Guy’s debts counts as “hard earned”.
“So what you’re suggesting then is the total abolishment of the rental market altogether”
Yes.
the landlord is making a loss
Well stop doing it then. Why do people keep insisting on counting mortgage payments as a cost? It’s not a cost, it’s accumulating toward an asset that you own.
You’d think that if the business of being a landlord is genuinely a nett loss, these brain geniuses would just stop doing it.
hard earned property value
:data-laughing:
Are you planning to picket Tesco because they make profit off food that people need to live?
