Hard to believe it can get worse than somewhere like Arlington, TX (or any of the many other semi suburban places in America with NO public transit (as in not a single public bus or greyhound-type a day). I feel like 70 year lease would help stop the rich from hoarding generational wealth and giving it to their kids, allowing everyone a chance at getting a house when the parents die, though not sure how well it works in practice.
I think you are forgetting at least in the US, that home ownership is the first and best way for people to ‘move into the middle class’. I get getting rid of homes as an investment, but the fallout would finally stomp out the middle class and change it to a renting class and those who can afford to cycle and then rent property.
Hard to believe it can get worse than somewhere like Arlington, TX (or any of the many other semi suburban places in America with NO public transit (as in not a single public bus or greyhound-type a day). I feel like 70 year lease would help stop the rich from hoarding generational wealth and giving it to their kids, allowing everyone a chance at getting a house when the parents die, though not sure how well it works in practice.
I think you are forgetting at least in the US, that home ownership is the first and best way for people to ‘move into the middle class’. I get getting rid of homes as an investment, but the fallout would finally stomp out the middle class and change it to a renting class and those who can afford to cycle and then rent property.