Comment by zeroonetwothree

I don't see how you can claim a home ownership rate above 60% means the market is working for most people.

All that means is that a majority of the population was able to buy a house at some point in time under some conditions. The recent data is clear: people who already have homes, are staying put in them. And a growing portion of people without homes are joining a fairly new class of "forever renters".

The median age of first time home buyers was 33 in 2020. In 2025 it is 40.

That's truly incredible if you think about it. In just 5 years, the median age has increased by 7 years.

Here's another interesting statistic: the percentage of homes bought by first time buyers is down 50% since 2007.

> Rent control is fundamentally unfair and socially undesirable.

I think this is an incredible claim to make. Unfair to who? Undesirable compared to what?

Rent control at it's core is a redistribution mechanism. It favors existing tenants at the expense of property owners.

If you care about low income renters getting displaced by a 40% rent increase, then it is a desirable mechanism.

“Labor mobility” sure is a nice way to say “kick people out of their homes and separate them from their communities.”