Thread by @IDoTheThinking

I disagree with @mattyglesias take that everyone becoming homeowners is a problem. Theres high income countries have high homeownership yet build homes. It's American homeownership culture where the house is relied on as a class-jumping tool that creates shortages that's failed

The real problem is that we tell people homeownership is their key to the middle class rather than wages being the key to the middle class since the latter has been stagnant for decades now.

We should have 90% homeownership like Singapore and China. At least half of NYC or more should be homeowners like Tokyo. Owning your home with a low yield is good. Real estate being the "get rich quick" scheme for Americans and thus a feudal culture that Blackrock exploits is bad

I support mass homeownership. Landlords dont deserve a monopoly over land and housing. But in order to take off the American experiment the government made select people homeowners with loans and subsidized the suburbs' construction. This created a huge wealth gap & feudal class

And the feudal class manifests itself in many ways but mainly being anti-housing over a perceived economic and culture hegemony and homogeneity of their neighborhoods and "asset."

Good question. The simple appeal of homeownership is having control over your home rather than living at the whim's of a landlord's lease.

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