The Picard Maneuver@lemmy.world to Microblog Memes@lemmy.worldEnglish · 1 month agoWhat could go wrong?lemmy.worldimagemessage-square202linkfedilinkarrow-up11.39Karrow-down132
arrow-up11.35Karrow-down1imageWhat could go wrong?lemmy.worldThe Picard Maneuver@lemmy.world to Microblog Memes@lemmy.worldEnglish · 1 month agomessage-square202linkfedilink
minus-squareJasonDJ@lemmy.ziplinkfedilinkEnglisharrow-up13arrow-down2·1 month agoHome values themselves would tank. I imagine there would be far fewer people willing to pay thousands of dollars for a mortgage when rent is only $100 and maintenance is someone else’s problem. Hell, home maintenance and repairs alone are well more than that.
minus-squareManalith@midwest.sociallinkfedilinkEnglisharrow-up5arrow-down2·1 month agoThen maybe we could adjust our zoning laws and take better advantage of the land available. Houses aren’t very effective use of land.
Home values themselves would tank.
I imagine there would be far fewer people willing to pay thousands of dollars for a mortgage when rent is only $100 and maintenance is someone else’s problem. Hell, home maintenance and repairs alone are well more than that.
Then maybe we could adjust our zoning laws and take better advantage of the land available. Houses aren’t very effective use of land.