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Instead of artificially giving out loans to people who can't afford mortgages, tax breaks could go out to construction companies to develop smaller homes. The average house size has doubled since 1950 but families are smaller. There's no reason a starter home needs to be worth half a million dollars.
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The free market tends towards mild deflation - except when the government gets involved like education and Healthcare. You can buy a PS5 & Switch for the equivalent of a 1980 Atari console if you adjust for inflation. There's no need for minimum wage spikes if the government policy would stop pushing for 2-5% annual inflation
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College is so expensive because the demand is outstripping the supply thanks to government loans & scholarships. Most people should never go to college unless studying law, medicine, STEM or possibly some humanities and finance.
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I agree with you, that a freer market is a good thing, but leftists aren't truthful in their complaints. Marxism is an evil ideology which only produces envy and hate. If white and black people were statistically equal in all things (wealth, education, crime ect...) leftist marxists would just find new categories to focus on such as height, weight, eye color.
It will never end. These people will never be satisfied. They are sick and in their sickness I think its fair to say they are corrupted by evil.
You lost me when you are suggesting a government policy to achieve a desired income is a free market endeavor.
Government should not be in the business of manufacturing outcomes. Period. Full stop.
a 'freer' market lets people they dont like, succeed. hence they hate it.
But if the problems are solved how will they exploit the smoothbrains for money?
They will never stop complaining.
The government has allowed big business to monopolize across all sectors, their paid directly through donations and behind the curtains. What we need is a free market with strict controls over monopolization, letting these huge companies expand is just communism China style.
Our houses are expensive because we choose to go into debt for them.
School is expensive because we choose to go into debt for it.
Our lifestyles are expensive because we buy everything 3-4 times with debt instead of waiting/saving.
We did this. Government certainly helped but we could have stopped feeding this beast and downing in debts any time we wanted.
Our houses are expensive for lots of reasons. Government building codes and regulations is one. Foreign investment in American real estate is another.
Sure, but the bottom line is we are willing to pay the bill. Why charge less when people are willing to pay more? We voluntarily enslaved ourselves to debt.
We used to self build starter homes, labor is the bulk of the cost of the house. Then slowly upgrade from there. Now we skip the starter homes completely and don't even know how to build anything.
The market supports these industries then complains that these industries keep getting bigger and more powerful. Just stop supporting them.
The land itself is about equal to what my house would cost to build. In a lot of places it’s way more. Dirt is crazy expensive most places. And one major cause is foreign real estate investment. I don’t a free market for non Americans to buy up our country.
And people don’t skip starter homes. Starter homes are always higher demand and the market for starter homes maintains value way better than high end houses when the market dips.
I’m sure less people build their own homes now. That seems uncontroversial. I think increased regulations and permitting costs are probably a major factor. And as land becomes more expensive the proportional cost of building relative to buying land becomes less and it starts to make more financial sense to have professionals build it.
This is another flaw in society. Things aren't expensive everywhere, people just want to live where it's insanely expensive because everyone wants to live there.
In a way property price/taxes helped stabilize housing costs. I lived in rural NY for a while and they didn't have the housing bubble because with the already high property tax people wouldn't pay housing bubble prices. Even in NY the land was not as expensive as the build. The property tax could easily match the mortgage though.
The bottom line is, no one put a gun to our heads and forced us to live this way. We chose this lifestyle and somehow expected it to produce the same results as a completely different lifestyle.
Regarding 2), this with NEVER happen in the current USA. Our entire economy and government is built on inflation. Inflation is the wealth transfer scheme from the poor and middle class to the rich. Businesses and government borrow money for close to nothing and the value of that debt decreases faster than the interest increases it because of inflation. Ending inflationary policy would end the credit buffet that lets big companies and the government spend endlessly.
It would also allow poor and middle class people to save money and retire without working themselves to death. So you know, can't have that.
I saw yesterday that a military nuclear reactor costs a tenth of what a commercial nuclear reactor.
Why? Government regulations. The military has minimal oveeisght and only a handful of palms to grease while commercial reactors require everyone and their brother-in-law to get a kickback.
The reason why you need a $500k house is because government won't enforce the law so the only neighborhoods where you won't get murdered are the rich republican ones.
On housing. We have a government imposed central bank that effectively prints up money and loans into real estate through subprime. That has forced everybody to treat their homes like a savings account, and caused people to zoning-law the cities to death to make real estate completely out of reach for the average person. Even in the 50's, the average low end working class man could afford a home for his family and have it paid off in 10 years.
Same thing with college. It used to be high school graduates could get a readily available minimum wage job during the summer, and pay their way through college all expenses paid.
As for health care, how come high quality free market health care in Singapore costs 10% of what health care in the USA does. While their government requires health care savings accounts, notice how people there are not clamoring for socialized health care?
In sum, it's not even a mystery how the free market would work here. It is, or already has as a matter of fact.
While true, unfortunately this has become impossible due to the evil people always interfering with things. The ultimate irony is that for any freedom to exist, it has to be enforced. The freedom police should arrest anyone who opposes a free market or advocates for any law that restricts liberty? Oh you think guns should be banned? Straight to the gulag!
Absolutely. I wish I could buy a nice small house with a garage for a decent price, but they’re all mcmansions now.
People should study whatever they want if they have the money. If the federal government wasn’t involved with loans, they would check your grades and ROI before approving your loan
That’s why they hate it