> But they also don't really have a good alternative that wouldn't lose them a lot of money in a time where, if they're not in the class that owns multiple houses, they're already struggling
These people are property owners in Berkeley, California. While I'm sure yarns can be spun about the difference between asset value and cash liquidity, this is just not an impoverished class, sorry. They've seen their property values go through the roof, then the trees, now through the first cloud layer into the open sky with eyes toward low orbit. Arguing that they don't have an "alternative" is a little spun.
These people are property owners in Berkeley, California. While I'm sure yarns can be spun about the difference between asset value and cash liquidity, this is just not an impoverished class, sorry. They've seen their property values go through the roof, then the trees, now through the first cloud layer into the open sky with eyes toward low orbit. Arguing that they don't have an "alternative" is a little spun.
To wit: cry me a river. Build those homes.