Money is not a product, and shouldn’t be treated as one. The culture of making more money through lending it to people who have no other choice to cover their ‘needs’, is an oppressive culture. Life necessities and needs, like medical care and housing, are human needs that must not be used for profit by lenders and others. Lending money for people to cover life necessities is a form of help, its unethical to make a profit off of people in ‘need’.
Home loans “mortgages” are no exception from what loans must be.
Student loans are shameful frauds legalized by our corrupted politicians. That is, providing non-for-profit education is states’ responsibility, it reflects its development and ensures its continuity.
The real estate market has to be regulated by the state to ensure the availability of affordable housing for every citizen. The current housing crisis can be reduced to two main reasons: 1. the drastic shift in the culture of family. The philosophy of individualizing societies has impacted the family structure in the US. Beginning in the 1960s -or maybe before, to the present, families started to shrink, the extended family has been replaced with the nuclear family. The inventions of birth control methods and the rising financial difficulties have helped to delay the idea of marriage and normalize sexual relationships before marriage. As the culture of marriage was fading, the concept of civil partner was taking its place. The phenomena of single parenting emerged, amounting to nearly 50% of families in the US. This drastic change in the family structure was not met with the same drastic housing supply. 2. The influence of bankers and giant real estate investors, which falls under the problems created by the centralized economy. Government regulation must not be understood in a way that justifies the interference between sellers and buyers, or between landlords and tenants. The government’s role in such relations is to ensure that both parties are honoring their agreement. The legislative branch and the judiciary branch must ensure that both parties are adhering to the agreed-upon contract.
Rent rates should not exceed 20% of a minimum-wage monthly income for an individual, and houses prices should not exceed what is paid for as rent in 15 years. Housing stability and security are essential for a stable society.
The free market concept is the best solution and control. However, in many situations, the free market is under the grip of the super-wealthy class. Local communities may demand specific regulations to protect them from monopolies if needed. Such restrictions can be only adopted by the overwhelming majority of the local community. But even in such case, imposing restrictions that prevent people from practicing their right to commerce should not be a regular and widely spread tool.