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How private equity is changing housing

(www.theatlantic.com)
115 points harambae | 1 comments | 09 Dec 25 17:26 UTC | HN request time: 0s | source
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christkv ◴[09 Dec 25 17:59 UTC] No.46208173[source]▶
I'm as pro capitalism as it comes but private equity should not be allowed to operate in the consumer housing market. They can develop and sell houses but cannot hold is my point of view.
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jack_tripper ◴[09 Dec 25 18:02 UTC] No.46208224[source]▶
Same. I remember growing up in the 90s, after the fall of communism, hearing that capitalism beat communism because in capitalism you can own things.

MFW I now live in capitalism and can't afford to own anything.

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ReptileMan ◴[09 Dec 25 18:09 UTC] No.46208300[source]▶
One of the things communism did right was housing - in the Eastern Bloc home ownership was above 90%. The quality was not great, not terrible. But bad shelter is infinitely better than no shelter. I also think that it also excelled in K12 education. Whether because the german style system that was common in europe pre WWII was just left alone - I don't know. But until the mid 90s we really didn't had the school reformers to fuck it up. Right now we are as good as producing illiteracy as the rest of the west.
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thephyber ◴[09 Dec 25 18:36 UTC] No.46208685[source]▶
What does “home ownership” mean in a country where there is no private property?
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1. dragonwriter ◴[09 Dec 25 18:52 UTC] No.46208927[source]▶
The socialist sense of “private property” refers specifically to ownership of physical (or at least, nonfinancial) means of production, other than by the workers whose labor is applied to it.

It does not refer to all ownership by individuals of real and personal property, restrictions on other personally-held property are separate concerns from the abolition of private property, and socialists regimes, including those in the Soviet bloc, frequently have retained private home ownership, which is not fundamentally inconsistent with socialist theory.