Cea Weaver

i think the left would benefit from a stronger analysis of the real estate industry, it’s component parts, those who benefit from the existing property rights’ regime

also would benefit from analyzing state glorification of homeownership

That’s kind of my point. Sometimes I think homeowners are a bigger structural barrier to “social housing” (whatever the f that means) than REBNY.

Entrenched, exclusionary homeowners are the most powerful force in local politics, everywhere. They keep out the poor, POCs, immigrants, & domestic migrants from their neighborhoods with their hold over local politicians & institutions. Basically a local mob

Well like it’s a structural barrier but there is another one which is that the US working class kind of relies on homeownership given the weak to non existent welfare state. We can’t just …ignore homeowners as a constituency that matters to organize. Overwhelming imo

Does the working class really rely on home ownership for $ security? My sense is working class folks don’t make enough to afford buying. Whatever people can put as down payment could be invested in a stock index fund, which is lower risk but similar returns as buying 1 house