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'Renters Are Struggling': Economists Back Tenant-Led Push for Federal Rent Control
(www.commondreams.org)
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this post was submitted on 06 Aug 2023
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Young people can't own homes now because we have a lot of corporations and foreign ownership buying them to either rent at exorbitant costs or leave vacant as investments. I don't really care about the hypothetical person who might come over here at some point maybe pinkee swear when folks here are having issues now.
Also, I confirmed with someone who does mortgages that there isn't an upper age limit on getting a mortgage in the US, so that's not a concern.
I mean, this is just dodging the situation. I'm a hardworking, tax-paying person, but fuck me because some other people are doing bad things? That's not good policy. Stopping people living in the country on valid status paying taxes from buying a place to live is asinine.
According to your comments, you're living and buying property in Japan in order to reside there for the rest of your life, so you're arguing about policies that aren't effecting you and that you're not even a party to.
I guess you can find someone more in tune with Japan's housing market and issues there to discuss the best practices for Japanese laws.
I have known people who have gone through the same thing in the US. I also have family in the US still who very much are impacted by the housing situation there.
This just reeks of "foreigners bad" and possibly racism.
There are many things that can be done other than banning foreigners who haven't yet achieved greencard status but just want to have a place for themselves and their families to live to still achieve that. I don't think you'll find foreigners are the big issue here, and you already mentioned corporations which are a big issue. Attacking foreigners wanting to buy a house is not OK; that's approaching apartheid-level bullshit.