I can't think of a good reason as to why people would want housing to be a good investment except if their own wealth depends on it or they want to preserve the wealthy character of their own neighborhood. It takes away investment from local enterprise, local government, which would spur innovation, salary growth, better infrastructure, municipal services, etc.
replyFor the average American homeowner 25-50% of their wealth is in their home.
replyPublic housing is the answer to this.
replyI agree that is a necessary component.
replyThe NYCHA is the largest slumlord in the city. The country has proven over decades that it cannot operate public housing with any measure of success.
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