The problem is that NIMBYs would often protest to prevent affordable housing to be built to prevent depreciation of their property value; which, let’s say, was bought for €500k but the house is now worth €16 million. The depreciation in 10-20% from the €16 million would not even make a dent to the person’s personal wellbeing and survival. Being worth €13 million in the end is not even going to make someone poor and it is more than enough for most average people.
There has just been growth of greed in the last decades. Community is destroyed by excess individualism.
Yes someone has to foot the bill, and so often it falls on those who can least afford it.
Ofc this just makes poverty all the more unbearable which just reinforces the crab in the bucket mentality too afraid or shortsighted to consider communal solutions.
I know you’re being purposefully flippant, but just to point out that you don’t need those kinds of returns in an actual healthy economy.
I would even argue that wild, unpredictable swings in value like that are the sign of unstable market speculation based on both fear and greed.
In a healthy economy houses are safe, boring, predictable, and highly regulated.
The problem is that NIMBYs would often protest to prevent affordable housing to be built to prevent depreciation of their property value; which, let’s say, was bought for €500k but the house is now worth €16 million. The depreciation in 10-20% from the €16 million would not even make a dent to the person’s personal wellbeing and survival. Being worth €13 million in the end is not even going to make someone poor and it is more than enough for most average people.
There has just been growth of greed in the last decades. Community is destroyed by excess individualism.
Yes someone has to foot the bill, and so often it falls on those who can least afford it.
Ofc this just makes poverty all the more unbearable which just reinforces the crab in the bucket mentality too afraid or shortsighted to consider communal solutions.