Anonymous asked: Charitable explanation for NIMBYs: People use their property as their retirement savings and/or have put a significant amount of their income into homeownership, and feel legitimately economically threatened by more housing development.
I mean, yes, that is why people are NIMBYs. But we should really end the subsidies that make people use a home (in one location! no diversification!) as their retirement savings, because it’s fucking awful. end the cult of homeownership tbqh
This is why I rent.
Also, shit should keep getting cheaper over time so investing in anything that isn’t productive capital (with few exceptions) is inherently a terrible decision for savings and one has absolutely no right to be surprised when the artificial prices inevitably collapse.
Of course, people who have been lied to that their house prices (w|sh)ould keep rising are fraud victims and that’s bad and it’s not 100% their own fault in that sense, but in a different, brutal “git gud” sense it totally is one’s own damn fault if they use non-productive capital as savings.
1 week ago · 18 notes · source: ozymandias271 · .permalink
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