The American housing crisis is a theft, not a shortage
Economics From the Top Down: Since Reagan, the US has been on a massive policy of redistributing wealth from the poor to the rich.
By returning this stolen money, the US housing crisis would evaporate. No, I’m not kidding. If the United States were to undo its experiment with rampant inequality and return the distribution of income to the levels found in 1970, the housing crisis would disappear.
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This is the thing that a many people don’t seem to realize: The current economic situation - some might call it a kleptocracy - didn’t just happen. It was deliberately set up this way, over time.
There’s a housing crisis because we allow hedge funds to buy up homes and become landlords. If you own a pet and have lamented the rising cost of taking them to the vet, look and see if your local vet was bought out by a hedge fund.
The current state of the economy can be changed. We’re not talking about rewriting the laws of physics here. You don’t have to simply accept that things are the way they are.






















