this post was submitted on 31 May 2024
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That does sound like it would be of benefit but I'm not sure how realistic it is to set up a system like this and it work for everyone - would the government just start buying property off people? Would that crash or balloon the market? How do you ensure that families aren't priced out of moving home either by higher property prices (from the government buying up everything) or from a catastrophic crash caused by no one wanting to buy property as investments?
Also how would the government provide attractive housing options across the economic spectrum across the whole of the country? Sounds like a monstrously large government department would need to be formed, which amongst other things would be very inefficient and goes against the objectives of the government. Take for example state health care- there is only one tier of care, and if you want anything better you pay for it privately. If we had the same for housing but didn't have the private option then in all liklihood the government would be thrown out and the next one would be the one who promises private housing. Because like it or not, the middle class doesn't want to live like the working class.
As I said, there a lot of battles to win and I think this anti-landlord stuff is just short sighted because there is no realistic solution that could be implemented today even if a country was willing - which it isn't. Instead we should focus on fighting the smaller fights that would lead us towards the utopia: rent control, taxation, foreign "investors", empty dwellings, single-family properties etc....all of these things could be vastly improved today for the benefit of everyone except those leaching on society.
You could still have different prices, albeit lower ones. Renting then becomes part of a resources allocation game. If you want a bigger/more luxurious home, you pay more and have less for other things. If a fancy house isn't so important to you, you can get a cheaper one and have more money left for vacations, fine dining, cinema, etc.
As for the efficiency, that government department could take lessons from big property owners and organize like them, only with state subsidies and without profit goals. That way, the middle class, by virtue of having more money, could still afford better housing. Also, I don't want the middle class to live like the working class, I want the working class to live like the middle class. Also also, there's no "middle class", only parts of the working class that got lucky. But they're fundamentally still beholden to their employers' whims.
Incremental change withing the current system is good and important, but we nonetheless have to discuss the big break that has to occur at some point, and what comes after. Incremental change can only take us so far.