>> Then each renter will become a homeowner, they will feel very comfortable
Not sure about the entire comment, but the above line is the clutch item. Once a renter turns into a homeowners, things change drastically. In the US you are typically highly leveraged once you buy a home. That means a 20% drop in home value wipes out all your equity. So once you buy into the system (esp with leverage) you have a huge incentive now to perpetuate the system that once enslaved you. Now you become the prison guard. Sadly, even the prison guard is in the prison of debt for many years, thus has to maintain the jail.
Not sure about the entire comment, but the above line is the clutch item. Once a renter turns into a homeowners, things change drastically. In the US you are typically highly leveraged once you buy a home. That means a 20% drop in home value wipes out all your equity. So once you buy into the system (esp with leverage) you have a huge incentive now to perpetuate the system that once enslaved you. Now you become the prison guard. Sadly, even the prison guard is in the prison of debt for many years, thus has to maintain the jail.