alt Hacker NewsAll housing is investment due to the way it's owned, regardless of who owns it. For most people, it's by far their biggest investment, resulting in extreme political activity.
We must confront that fact, or negate it, for example by taxing away the investment opportunity.
Investors buy housing to rent it out to others, that's the investment. People who own their own home implicitly pay themselves rent, by choosing to live in what they own versus renting instead.
Getting non-resident owners out of housing only means that renters have been banned from an area.
Isn't that circular reasoning? Charging rent means its an investment, but also just living in a home is "paying yourself". Is there any way to live on a property that isn't an investment (I suppose just staying there while the government owns it?).