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RE: Why you can’t afford a house – financialisation, deregulation and easy-mortgages!?
It is people investing in realestate, pure and simple.
I don't care where they live or wjat nationality they may be, it affects those who want to live in homes.
Solutions:
- no nothing
- tax second homes more with massive penalties for people who lie
- more pubic housing, rent control, and more tax on private rentals
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I agree that there has to be a political/ social solution to this. Simply allowing the rentier class to be free to use housing as a speculation is a great social harm!