Reply to Housing is the new source of inequality

Forum Index » Real Estate

Reply to "Housing is the new source of inequality"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]Housing —and real property more generally— has always been a primary (and probably the primary) source of inequality. In feudal days, a small group of aristocrats owned vast estates and leased out portions of them to tenant farmers who worked the land in exchange for housing and a small portion of the yield. Very wealthy people exploiting very poor people, and the system itself was structured so it was nearly impossible for a non-land owner to become a landowner. It was exceedingly hard for poor people to move up the socioeconomic ladder, and exceedingly hard for the landed families to lose their vast economic advantages. Generational wealth was passed down in fee tails and other ownership forms that meant it was nearly impossible for even the most incompetent of offspring or heirs to lose the family estate.

Housing/land/property has historically been the way most wealth was generated, and really not that much has changed given that housing is most Americans’ single greatest asset and source of generational wealth. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics