RVonse
Veteran Member
- Joined
- Jul 1, 2005
- Messages
- 3,073
- Location
- USA
- Basic Beliefs
- that people in the US are living in the matrx
Yes they should. What gives old people the divine right to live where it is expensive? Those older people (I happen to be one of them) who bought in an area that went up in value should cash out and retire to a much lower cost of living area that has no jobs (since they are retired moving to a low cost area with no jobs is fine for them). Younger popluation should move in those expensive areas to provide the skills and labor that the industry is willing to pay for.Common, sense... RVonse, do you understand that it is possible to not be able to afford to live in a house you own? This is a thing where property taxes are high and pegged to housing value. If an area booms, the property taxes go up. In a state like New Jersey, it can be a mortgage unto itself, and if you own the home, you could technically not be able to afford to live in it as the taxes are too much to pay, especially if one is retired.
Seriously, it is as if you've never sought to understand these things, and you just want to vilify stuff you know nothing about. People who paid for their home shouldn't have to move from it, because it became too valuable. Such a concept is absurd!
That is what free market capitalism does. It prices everything (real estate included) to allow free movement of capital and people. And if you don't think that free market capitalism works for real estate, just look at Dubai. Some of the most beautiful buildings in the world. No homeless.