[quote=sdrealtor]Aye carumba! Suddenly someone doesnt want free markets without gov’t intervention any more. That is unless it is the gov’t intervention and market manipulation that favors your viewpoint. Yikes!
BTW, Shelter is a need but home ownership is not. Just ask all the happy renters out there. I would venture to guess that a retired renter with $700,000 of cash in the bank would be just fine relative to a retired homeowner with a paid off $700,000 home. Perhaps even better off. Of course they would not have the stability or joy of home ownership but that is a privilege in this country not a right.[/quote]
If the govt were to be forced to encourage one or the other (flipping/investing vs. home ownership), I believe they should encourage home ownership.
While it’s not a right to own, there is no question that owning a home is generally better than renting…over the long term.
I think that we, as a society, have to choose between doing what’s right for the people vs. doing what’s right for the wealthy. While “capitalists” would say that it’s the same thing, history has shown that giving control of all the land and wealth of a nation to a small group of elite, wealthy individuals usually does not turn out so well.
