@DukeInvests Bottom line: A median home was far more affordable on a monthly basis in 1980 due to low prices, even with punishing interest rates. Today’s lower rates help, but they don’t fully offset the massive price appreciation. ~grok
@mcuban If you took those subsidies away, other companies could compete. These companies already spend billions to politicians to increase rules and regulations. Like someone else said, "you think they lobby for funnzies."
@mcuban I think of it instead of going to one extreme to another extreme. We see which laws / regulations prevent new companies coming into the market and/or make it very difficult. That in itself would drive down the price.
Take food out of the equation.
I bought my first house at 20. It was 185k. I made 40k a year. Mortgage on a house was cheaper than renting one.
This was 20 years ago. That house is now worth 600k. I couldn't afford to buy it today making 80k a year.
THAT is the issue.
@elonmusk People need purpose, sometimes hunger is a good driving force. Also the ability to overcome adversity. Makes us stronger. If your point would stand, then the companies could just give it away for basically free. No need for federal intervention.