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.
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.