Wall Street went on a home-buying spree. Now, more lawmakers want to stop it from ever happening again by regulating investors' appetite for single-family homes.
This is why qualitative things (housing, food, education, healthcare, etc.) have no place in a free market. It becomes about the money more than the thing itself which benefits society. Therefore with the expectation of unlimited short term growth the benefit to society is minimized to maximize growth.
This housing situation you’ve caught on to is just one aspect of this out of many.
Now you hold onto your biscuits, mister. Are you suggesting that basic human necessities, things that some might consider human rights, shouldn’t be turned into commodities?
Yep. In the name of profit.
This is why qualitative things (housing, food, education, healthcare, etc.) have no place in a free market. It becomes about the money more than the thing itself which benefits society. Therefore with the expectation of unlimited short term growth the benefit to society is minimized to maximize growth.
This housing situation you’ve caught on to is just one aspect of this out of many.
Now you hold onto your biscuits, mister. Are you suggesting that basic human necessities, things that some might consider human rights, shouldn’t be turned into commodities?