@pluralistic
With all due lots of respect, I utterly disagree. Making more people go into debt is the wrong way. The bank, any bank, evil or good buys on your behalf, you own only on paper -> and *carry all the risk* if your asset loses its value (flood, fire, job lost, need to move, new houses even more expensive in the meantime. Insurance - yay! hold on for a fun example from hereabouts. The solution is and always has been: public housing. Good housing, and lots of it.

@pluralistic

“ So what did Thatcher do to make homes so eye-wateringly expensive? The high-level explanation is that the UK – like much of the world – transformed its housing stock: not a way provide the basic human right to shelter, but rather, an asset:”

What Keen doesn’t understand is that the transformation of home ownership into a constantly inflating asset was a deliberate byproduct of a reworked great depression era program.

I'm on a tour with my new book *Enshittification*!

Catch me next in #Chicago, #LosAngeles and #Calgary!

Full schedule with dates and links at:

https://pluralistic.net/tour

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