Quote:
Originally Posted by chedder
If you don't allow investment in residential real estate, how do you have rental properties? Not everyone can or wants to own a home.
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In Vienna, Austria for example, they have government owned housing that people can rent. They also have a system where you can rent to own from the government so that most of your rent money goes into equity and you can eventually own the unit. When you sell, you sell back to the government. 80% of the population qualifies for it, 62% uses it, and it's profitable for the government as a whole. Everyone wins, except for investors of course.
People can of course still buy and own outside of the system, but most people just want a stable place to live whether they rent or not. A lot of people who own don't realize how hard it is to be a renter and have to raise a family while also moving every couple of years as rents keep going up.