Reply to The Daily episode on the housing crisis

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Reply to "The Daily episode on the housing crisis"

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[quote=Anonymous][quote=Anonymous]Solutions to "crisis":

-- Ban foreign ownership of real estate
-- Eliminate all federal tax deductions on homes that aren't people's primary residences

Once you realize that our country is set up to benefit corporations and the wealthy, you'll realize that the "crisis" is intentional and works to their benefit.[/quote]

Yes one thing they mention in the episode is that the US government has been heavily subsidizing the housing market for years via tax incentives that benefit corporations and investors and people who own expensive housing and all of these things have actually greatly contributed to the rising costs of housing at all levels.

But there is no political will to change those incentives because all the wealthy people who benefit from them are too powerful. But then if you say "well the government should subsidize building of affordable housing and offer tax incentives and benefits to renters" people flip out and complain it's a give away to people who haven't earned it. But we've been giving it away to people who haven't earned it for years! It's just that the giveaways have mostly benefited people at the top.[/quote]

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