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[-] SpaceCowboy@lemmy.ca 23 points 2 months ago

Didn't Qaddafi get rid of landlords?

End result was a housing shortage. Renting isn't always a great option but it's a better option than being homeless. Removing a less than ideal option doesn't automatically result in a better option magically appearing out of nowhere.

You see little Lisa, in the real world making extreme economic changes can cause unintended repercussions.

Qaddafi was eventually brutally murdered for implementing policies based on lame brained slogans.

[-] Nevoic@lemm.ee 7 points 2 months ago

The USSR and China were much more widespread examples of eliminating landlords, both were vastly successful. They were third world countries with terrible conditions, both became global superpowers, all-the-while providing housing at a vastly more reasonable rate.

China has since regressed on this, and they're starting to feel housing troubles as landlords destroy the housing market through scalping, but for a long period they were improving.

The best example is probably the USSR during the 70s. Still a country with vastly less wealth than America, recently developed into a global superpower, but still was providing housing to citizens at an average of 5% of their income. America has been operating very consistently in the 30-80% range for a long time.

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this post was submitted on 22 Apr 2024
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