LogFAQs > #960728305

adjl posted...

Which is why nobody's really proposing that solution. That's a bit too extreme. Solving the problem is going to entail making sure more affordable rentals are available and otherwise including regulations to keep the housing market from ballooning out of control (such as, like I said, limiting the number of properties a given entity can own in the region). That will drive prices down without completely crashing them, while providing suitable interim options for those that currently struggle with rent to amass some capital and eventually move into ownership.

for most people, the price WOULD have to crash for them to afford it. The only fair way, imo, to have property owners not be screwed (having bought into/invested in a different system) would be for the government to buy them out and then lower the costs and take the losses themselves. drastically cutting the prices down through policy (for most renters to be able to buy themselves) screws over a ton of individuals whose assets will lose hundreds of thousands/millions of dollars, which I think is wrong/unfair.