“Treating real estate as privately owned wealth, as a financial asset, has devastating public effects.”
One of the zillions of us who are astonished and even grossed out by the obscenity of current real estate prices in New York’s hippest borough has come up with a novel solution to the dilemma of where to live.
Look, a hamlet for sale, cheap! Do you suppose it was abandoned because it took forever to make up its mind about anything and couldn’t commit to an action? ba-dum-CHING, y’all, that was a Shakespeare joke.
MIKE: “I like my apartment, but I don’t love it.” ESTER: “Have you ever loved an apartment?”
If young adults held out until we ourselves could afford down payments as well as closing costs, fees, and mortgage payments, far fewer of us would buy property. But let’s not pretend the system is fair.