this post was submitted on 22 Feb 2023
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[โ€“] [email protected] 4 points 2 years ago (1 children)

It's an American solution to a non-american problem.

"Housing too expensive, like American healthcare? We'll set you up with a one-time tax-free savings account like an American HSA, and then we don't have to fix the problem that gets worse and worse year over year because it's now a bootstraps problem and it's all your problem, Skippy. Now step back so I can launch my yacht and get out to my bigger yacht."

[โ€“] AbackDeckWARLORD 1 points 2 years ago (1 children)

It doesnโ€™t even address the problem, which is demand being greater than supply. It actually contributes to the problem even more by driving up demand.

[โ€“] [email protected] 0 points 2 years ago

That's a very excellent point I didn't even consider. So

  • suitbag banker sells more loans,
  • suitbag realtor squeezes more on the purchase,
  • newbs get blame and nothing else, and
  • the system has even More demand injected into it.

It seems the only winners here are the suits. Again.