• alvvayson@lemmy.world
    link
    fedilink
    arrow-up
    66
    arrow-down
    2
    ·
    1 year ago

    Buying a house is currently the backbone of middle class wealth.

    If we want a society with a lot of renters and a strong middle class, then we will need to introduce strict rent controls.

    Otherwise rent becomes a way for the owning class to exploit the working class.

    Over the past 4 decades we have greatly loosened rent controls and promoted home ownership.

    Either model can work, but most people seem to prefer owning their home rather than renting.