"You'll own nothing and you'll be happy" is a phrase derived from a 2016 World Economic Forum (WEF) video and an essay by Danish politician Ida Auken, predicting a 2030, sharing-economy future. It highlights a shift towards service-based consumption (renting/subscriptions) over ownership, often criticized for reduced autonomy. In the Future With the exception of maybe the top 10% (maybe even only the top 1% - Corporations) Will own anything Corporations buying all the houses so everyone has to rent. They can overpay upfront then get it back on the Rent raises No More CDs, Dvds, etc etc etc Everything is a subscription Question: Are you happy with it? Rocket River
For a long, long time home ownership was one of the key policy pillars to social stability in America. It was articulated that people who own property are much, much more invested in preserving their investment in "the system" and therefore much less likely to engage in things like radicalizing and joining a revolitionary movement. Home ownership was reguarly cited as why the US was more stable than European nations. I'm not sure if there are actual studies backing this, but the argument pointed to the much larger percentage of renters in Europe over the USA in the early 20th century, and the resultant relative greater levels of social unrest. This makes great sense from the perspective of corporations for short term profit maximization Not much at all from the perspective of individuals, or of nations. And I doubt it is actually good for mega-corporations in the long run. The worst thing that ever happened to capitalism was losing the boogyman of the Red Menace which acted as a moderating force on the worst impulses of capitalists. "The only thing stronger than greed is fear" is an old Wall Street aphorism. There is no fear anymore to moderate and counteract the greed. To quote Mr Robert Zimmerman, "When you ain't got nothing, you got nothing to lose." But I guess if this goes t*** up in one country, those multinational corporations can just take a write off and pivot to other nations to maximize profits while the revoltionaries they created tear their own countries to pieces.
The American Dream existed - and did not exist in Western Europe, because in the USA the ability to own a home was something that 90% of the population could strive towards and do, if so inclined. That is no longer the case - the USA is headed down the route of lost ownership as well, and many younger people seem to have no real issue with it. Why own a car? Why own a home? Let the wealthy have complete control over the means of production and the product
I graduate college in 1982. Inflation was completely out of control. Country was in recession. Over the next 10 years or so, the economy bounced back and inflation got tamed .. but ... home ownership was damn hard for a single income household seeing that home mortgage rates were over 10% into the 1990s. This **** is just cyclical. Mortgage rates are not that high now but may go lower over the next 5-10 years. House prices are high, but the boomers are not going to live forever. Some boomers may even downsize and live in retirement communities. Supply at some point will outpace demand. Private equity has bought houses but that trend just might reverse itself. See the current Florida real estate market, where home owners are fleeing the state if they can, since home/flood insurance is outrageous and required by mortgage companies.
It's true that we take care of things we own. How many times have you washed a rental car? It's also true why in the suburbs (almost everyone owns their house) they take care of their yards and in the cities (almost all renters) they throw trash on the streets. I would love to see African American home ownership rise -- I think this can pay significant dividends in their communities. GOOD DAY
Trump is the first president working to outlaw major corporations from buying residential homes and yet leftists hate him.
The problem is that alot of Government policy is about preventing the poor from getting ownership of much Rocket River
Wasn’t this regime floating a 50 year mortgage? they keep wages stagnant to the point they don’t even come close to keeping up with inflation, and at the same time, they increase prices as companies make record profits and CEOs bank millions oh, and while these companies are making record profits, they’re having mass layoffs this country is cooked…but this is what millions voted for, so I’m just gonna sit back and observe the fckery
That is what Taxes are SUPPOSE to be . . . .. Until we make them pay their fair share . .. .the alternative is Guillotines Rocket River
This idiot hates Trump, who is putting an end to corporations such as Black Rock buying all single family homes. Simultaneously, he supports the corrupt Washington Establishment elites that make it possible for Black Rock to buy all the homes. This poster represents the extreme stupidity of the Democratic Party.
Senate passes major housing affordability bill by Elizabeth Warren and Tim Scott The vote marks a rare bipartisan breakthrough on a salient issue. The bill aims to boost housing supply and prevent Wall Street from buying up single-family homes. March 12, 2026, 11:19 AM CDT / Updated March 12, 2026, 1:33 PM CDT By Sahil Kapur, Melanie Zanona, Ryan Nobles and Julie Tsirkin WASHINGTON — The Senate passed a bill Thursday aimed at boosting the supply of housing and bringing down prices, marking a rare bipartisan breakthrough on a major issue. The 21st Century ROAD to Housing Act, written by Sens. Tim Scott, R-S.C., and Elizabeth Warren, D-Mass., won 89 votes. Ten senators voted against it. Scott is the chairman of the Banking, Housing, and Urban Affairs Committee, and Warren is the ranking member. The 303-page legislation creates a series of grants and pilot programs for housing construction, while revising federal definitions to encourage more housing units and prevent Wall Street from buying up tons of single-family homes. Such a big, bipartisan vote is increasingly unusual in Congress and the bill aims to tackle a major affordability issue for voters ahead of the midterm elections. But it is uncertain if it can pass the House as is, and President Donald Trump has signaled he's not as interested in the package as he is in passing separate voting legislation. The housing bill seeks to cut inspection delays for the Department of Housing and Urban Development by creating other avenues to satisfy requirements, while directing HUD and the Department of Agriculture to jointly coordinate environmental reviews for certain housing projects to boost construction in rural areas. One key section, titled Homes Are For People, Not Corporations, "prohibits large institutional investors from purchasing certain single-family homes" as a way "to promote homeownership opportunities for American families, not corporations," according to an official summary. Trump called on Congress to pass legislation banning large Wall Street firms from buying up thousands of single-family homes in his State of the Union address this year. The legislation gives both parties an opening to claim victory. Scott said it’s about fulfilling Trump’s affordability agenda by “cutting regulatory red tape, lowering costs and expanding housing supply while generating no new spending” and expanding homeownership. Warren cast the bill as an attempt at “increasing housing supply and bringing down costs” by taking on investors who are buying up homes and increasing prices for individuals and families. “It will mean, for the first time, that we’re moving housing prices in a better direction and beating private equity out of the system — making a very public statement that homes are for the families who live there, not for Wall Street investors who figured out another way to make a buck,” Warren told NBC News. The only Democrat who voted against the bill was Sen. Brian Schatz, D-Hawaii, who argued the language in a key provision was too broad. Also voting no were Sens. Ted Budd, R-N.C., Ted Cruz, R-Texas, Ron Johnson, R-Wis., Mike Lee, R-Utah, Rand Paul, R-Ky., Rick Scott, R-Fla., Thom Tillis, R-N.C., Tommy Tuberville, R-Ala., and Todd Young, R-Ind. One senator missed the vote: Marsha Blackburn, R-Tenn. The bill still needs approval from the Republican-controlled House, and it remains unclear whether the Senate-approved version will pass and go to Trump’s desk to become law. House Speaker Mike Johnson, R-La., told Republican leaders and committee chairs at their annual retreat earlier this week that Trump wants the SAVE America Act to be a top priority, brushing aside a GOP fight over the housing bill. Johnson told members that Trump privately stressed to him the importance of the SAVE America Act and that the president said “no one gives a (bleep) about housing,” according to a lawmaker who was there. (more at the link) https://www.nbcnews.com/politics/co...ng-affordability-bill-warren-scott-rcna263046
