Housing shouldn’t be seen as an investment.
I’d say it’s fine to be an investment for individuals and families. You should be able to at least break even on something you owned for 3 decades that’s still in good shape.
But that’s all. No LLCs or S Corps or any of that shit. People should own homes!
We need to deal with those assholes
It’s like a company town, except it’s the whole country.
This isn’t going to stop until the rich are afraid.
In case you’re wondering why fascism is on the rise, it’s seen by the wealthy as a safe way to manage populist rage; get people angry about out- groups and they’ll ignore the rich picking their pockets.
The wealthy don’t think they’re a line in Niemoller’s poem.
80% of all apartments in Iceland have gone the same way this year.
https://samstodin.is/2024/03/attatiu-prosent-ibuda-hefur-farid-til-fjarfesta-thad-sem-af-er-ari/
And rent has gone up.
It’s around 30-40$ per m2 in Reykjavik.
I.e 2400$ for a crappy 850sq ft.
The French had the right idea about Blackrock
They also had some really great ideas about the ruling class