The Homeownership Society Was a Mistake

I should be explicit here: Policy makers should completely abandon trying to preserve or improve property values and instead make their focus a housing market abundant with cheap and diverse housing types able to satisfy the needs of people at every income level and stage of life. As such, people would move between homes as their circumstances necessitate. Housing would stop being scarce and thus its attractiveness as an investment would diminish greatly, for both homeowners and larger entities. The government should encourage and aid low-wealth households to save through diversified index funds as it eliminates the tax benefits that pull people into homeownership regardless of the consequences. (View Highlight)

Note: interesting for xenter xity - you win with cheap housing and smart ownership that encourages development - eg all about land value tax so if you want a single family home in a valuable area you'll pay up the ass for it you WANT to develop it to make more money seems pretty straight forward