Quote:
Originally Posted by dennis in se pa
It will come to pass that no one but the rich will own a car or a house. Everyone will rent. Part of the plan to destroy the middle and lower class so the rich can rule. The end of democracy as we know it.
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If everyone rents, then the returns on the investment must be good for the owners. So why wouldn't you buy a house rather than rent? You would need to be 'rich' to own or rent...
I live in an area with extremely high housing prices. There are still people clambering to buy, because high housing prices create high rents.