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this post was submitted on 09 Dec 2024
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No Stupid Questions
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No such thing. Ask away!
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First up, so it's clear, I actually agree with you. But I also don't think this is an easy thing.
Because there is a hiccup in your logic as far as I can discern it.
On the one hand you say: "of course all rental housing should be publicly owned."
And on the other, "I’m not certain that all housing should be public"
So how does that work?
This is just a long-winded way to ask “how do we pay for it?” The answer is taxes. That’s always the answer.
Let’s call it 10 trillion total: 20m rental properties x 500k average home price. If we allocated half the annual military budget—400bn—to buying private rentals and making them social housing, it would take 25 years to get through the whole market.
The financial scale of the solution is not so large as to be insurmountable. The US government’s priorities simply lie elsewhere.
Well yeah, taxes. But...
No, the American people's priorities. And until that changes, we're dead in the water