“Rather, the rational response to artificially low interest rates is to (a) make investments which will be profitable even though interest rates will later rise, and (b) refrain from making investments which would be profitable only on the assumption that interest rates will not later rise. If entrepreneurs followed this rule, then there would be no tendency for policy reversals to produce malinvestments.”
https://www.econlib.org/archives/2008/01/whats_wrong_wit_6.html
So guys…. Did we really just go through a whole round of an Austrian credit cycle? Why in the hell did we let non creative people abuse easy credit to hyper speculate on housing only to find once again how terrible of a malinvestment it truly is. Using our countries capital to prop up a landlord game is about as bad as it gets.
White people ended slavery first, are we also the first to bring it back by “owning houses” (buying before you) and renting the right to a house/living?
If you have to middle man the basic necessities of humans are you really deserving of what you have?
At what point do we limit access to personal or business property? Take a desert like Arizona. If Elon wanted to buy all of the water in the state would you let him?
Why do we let a group or class of people do that with housing?
Unfortunately we are going to need to switch from interventionism for special interests to the classic Austrian solution of interventionism for the people and masses.
There are a few, but they are extremely bad, like awful. I watched stranger things and the only half way decent B actor in the whole thing was Hop. Even winona rider sucks