> People don't need to put their money in to housing to build equity, they can just build equity. You know, save. Put it in diversified assets not chuck it all in to one asset and then leverage debt to chuck even more in to that asset.
On paper yes. In practice no. Because the common man will buy a new car, or order some trinket from Amazon, or some other splurge.
> Home ownership is how the system keeps the common man down. It should absolutely not be championed in his favour.
Home ownership forces the common man to save because he knows he’ll be kicked to the curb if he doesn’t pay the mortgage.
If people treated their retirement savings like a true mortgage, e.g. putting it before all other monthly expenses, then yes it’d be possible. But they won’t.
On paper yes. In practice no. Because the common man will buy a new car, or order some trinket from Amazon, or some other splurge.
> Home ownership is how the system keeps the common man down. It should absolutely not be championed in his favour.
Home ownership forces the common man to save because he knows he’ll be kicked to the curb if he doesn’t pay the mortgage.
If people treated their retirement savings like a true mortgage, e.g. putting it before all other monthly expenses, then yes it’d be possible. But they won’t.