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It’s an American solution to a non-american problem.
“Housing too expensive, like American healthcare? We’ll set you up with a one-time tax-free savings account like an American HSA, and then we don’t have to fix the problem that gets worse and worse year over year because it’s now a bootstraps problem and it’s all your problem, Skippy. Now step back so I can launch my yacht and get out to my bigger yacht.”
It doesn’t even address the problem, which is demand being greater than supply. It actually contributes to the problem even more by driving up demand.
That’s a very excellent point I didn’t even consider. So
- suitbag banker sells more loans,
- suitbag realtor squeezes more on the purchase,
- newbs get blame and nothing else, and
- the system has even More demand injected into it.
It seems the only winners here are the suits. Again.
