this post was submitted on 10 May 2024
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A combination of taxes to the point it's slightly less lucrative than other forms of investing.
We need to remove mortgage backed securities as well housing shouldn't be part of a portfolio.. I am really hating how properties in in demand areas is allowed to sit and decay. There are many properties in Manhattan that have done nothing for decades. There also needs to be fewer regulations with regard to what can be done with them. I really wouldn't mind a decent Japanese style pod hotel if the price was like $10. An old office building would do well for that.
Mortgage backed securities are a huge part of the mortgage market. Without them it would be more difficult to get a mortgage as there would be less liquidity in the market. The low rates caused a problem though, because investors sought better returns than 1-2% and bought real estate directly.
I always find it strange when people call for more government intervention to fix problems that government intervention created.
I find it strange people find Thatcherisms to be witty.
Government isn't a monolith, nor are the parties that run it.
Indeed, big government is a behemoth where one hand doesn't know what the other does and it doesn't think past the next election cycle. Do you think that replacing parts of the brain can change anything about that?
If we're using the brain as a metaphor, I would say don't listen to the voices that are telling you that having a brain is the problem.