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What could go wrong?
(lemmy.world)
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this post was submitted on 05 Apr 2025
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No one who owns a home would vote for them. It's not in their self interest, if they spent 300k on a house and this happened, they would lose ~300k. Not worth it at all. A much better idea would be to just have tax breaks for contractors making new homes, that would lower the value of everyone else's homes, but by a lot less.
I get why they would lose money, but in my head it's still like you still have a home still so why should they care.
Lots of people buy homes as an investment, its not only large corporations that do this, and if someone bought a home expecting that when they sell it they will get most of their money back, or even a profit on it, they would really be harmed by a government guaranteeing effectively free housing for all. If you want such a world to exist, it can't be done instantly for sure