This article made a short analysis about the unsustainability of the so-called Housing Ladder, which owning a home should be the easiest investment and should be available to anyone.
By analyzing and comparing different situations of housing price and social-econmic conditions, the author made conclusion that the housing crisis, even under the condition that the price stops growing, will be the precursor of neo-feudualism, where owning a property is impossible for most people. All of those is closely related to neoliberalism as it points out the illiberal outcome of an unsustainable housing model.
My own thoughts:
In long: I like this article very much because the situations it describes matches closely as how the rural NSW goes into a depression spiral despite the cheaper and cheaper housing, and how decades long of Nimbyism completely ruined the social-economic structure of Inner West in Sydney.
In short: JUST TAX THE FUCKING LAND FOR THE GOD-DAMNED SAKE!!!!!!!!!!
1 Comment
Submission statement:
Why does this article relate to neoliberalism:
This article made a short analysis about the unsustainability of the so-called Housing Ladder, which owning a home should be the easiest investment and should be available to anyone.
By analyzing and comparing different situations of housing price and social-econmic conditions, the author made conclusion that the housing crisis, even under the condition that the price stops growing, will be the precursor of neo-feudualism, where owning a property is impossible for most people. All of those is closely related to neoliberalism as it points out the illiberal outcome of an unsustainable housing model.
My own thoughts:
In long: I like this article very much because the situations it describes matches closely as how the rural NSW goes into a depression spiral despite the cheaper and cheaper housing, and how decades long of Nimbyism completely ruined the social-economic structure of Inner West in Sydney.
In short: JUST TAX THE FUCKING LAND FOR THE GOD-DAMNED SAKE!!!!!!!!!!