Come on. Just try to think of ways things could work differently
In cities you have the city build the big buildings. The one organization with both the pile of money and incentive builds new housing. Hell, the city can just hire the workers directly, why not. Give them a budget and have them go around building and maintaining the infrastructure. You don’t need investors, you don’t need permits, you’re already the city
I’m not saying we go back to monke, I’m saying everyone needing a mortgage to buy a house is insane and not some natural consequence
Again, I can agree that the government being solely responsible for construction of housing could be a decent idea, but then we’re no longer operating under any kind of free housing market.
You could argue that the housing market should be 100 % regulated (I’m not necessarily opposed to this idea), but that again breaks the premise of not drastically changing the society. We’re talking about whether loans are a necessity (or even a positive thing) in our society as it exists now.
Further,
Come on. Just try to think of ways things could work differently.
Honestly: Why? In a decently regulated market where exploitation is largely prevented (e.g. what we have in the Nordics) seems to work pretty well. I can acquire resources now through a loan, and use those resources to be better off in the future. Private companies can take out loans to build housing and industry, and pay them back later. This benefits everyone, because we end up having decent housing, industry that otherwise could never be built, and more companies paying taxes.
I just don’t see where in this picture the idea of loans becomes a “big bad wolf” that is inherently negative.
You could argue that the housing market should be 100 % regulated (I’m not necessarily opposed to this idea), but that again breaks the premise of not drastically changing the society. We’re talking about whether loans are a necessity (or even a positive thing) in our society as it exists now.
Oh… No, this is fundamentally impossible without drastically changing the system. All our money is just made out of debt, when people stop taking loans it’s deflationary. If everyone paid off their loans today, the money goes poof
As for just keeping the Nordic model? I mean, you guys are widely held to be the best system currently…But you’re still just holding the wolves at bay. You’re not immune to the same forces, from my understanding you had a more communal starting place, were already developed, and have fought to stay where you are, but even despite all that there’s been erosion around the edges
Beyond that, at the end of the day, a system based on debt creates exponentially growing boom-bust cycles. Fractional reserve banking is just insane, it’s using a powder keg as a candle
Maybe the small loans with tight regulation juice things up and don’t cause too much harm… but IDK, I just think any other option would be better. Hell just print the money and give it as grants, don’t gamble and borrow from an uncertain future
So there’s just nothing to be done then?
Come on. Just try to think of ways things could work differently
In cities you have the city build the big buildings. The one organization with both the pile of money and incentive builds new housing. Hell, the city can just hire the workers directly, why not. Give them a budget and have them go around building and maintaining the infrastructure. You don’t need investors, you don’t need permits, you’re already the city
I’m not saying we go back to monke, I’m saying everyone needing a mortgage to buy a house is insane and not some natural consequence
Again, I can agree that the government being solely responsible for construction of housing could be a decent idea, but then we’re no longer operating under any kind of free housing market.
You could argue that the housing market should be 100 % regulated (I’m not necessarily opposed to this idea), but that again breaks the premise of not drastically changing the society. We’re talking about whether loans are a necessity (or even a positive thing) in our society as it exists now.
Further,
Honestly: Why? In a decently regulated market where exploitation is largely prevented (e.g. what we have in the Nordics) seems to work pretty well. I can acquire resources now through a loan, and use those resources to be better off in the future. Private companies can take out loans to build housing and industry, and pay them back later. This benefits everyone, because we end up having decent housing, industry that otherwise could never be built, and more companies paying taxes.
I just don’t see where in this picture the idea of loans becomes a “big bad wolf” that is inherently negative.
Oh… No, this is fundamentally impossible without drastically changing the system. All our money is just made out of debt, when people stop taking loans it’s deflationary. If everyone paid off their loans today, the money goes poof
As for just keeping the Nordic model? I mean, you guys are widely held to be the best system currently…But you’re still just holding the wolves at bay. You’re not immune to the same forces, from my understanding you had a more communal starting place, were already developed, and have fought to stay where you are, but even despite all that there’s been erosion around the edges
Beyond that, at the end of the day, a system based on debt creates exponentially growing boom-bust cycles. Fractional reserve banking is just insane, it’s using a powder keg as a candle
Maybe the small loans with tight regulation juice things up and don’t cause too much harm… but IDK, I just think any other option would be better. Hell just print the money and give it as grants, don’t gamble and borrow from an uncertain future