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zataomm  11mo ago (text post)   5751 thread views

Colorado Supreme Court Thread

Link to the decision

I don't know to what extent there are established precedents for when a topic is worthy of a mega-thread, but this decision seems like a big deal to me with a lot to discuss, so I'm putting this thread here as a place for discussion. If nobody agrees then I guess they just won't comment.

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More than that, it's aligned interests. The places I've lived where I was renting and planning on only living there a few years, you better believe I didn't give two shits about the future of the place. Owning a home really changes the incentive structure.

I hear this and it's such a strange concept to me. I live in an expensive west coast city. The people I know with close ties and care about the place are locals who, for the most part, have parents who own houses because they got into the market so long ago, and they can't imagine ever being able to afford to buy instead of renting. The people who own houses are either the aforementioned older generation or the people who moved here for high-paying jobs and can actually afford to buy into the market, but will happily hop off to some other city if the opportunity presents itself because the cost of owning a home just isn't a big deal to them. Obviously, I'm generalizing and a lot of people fall into neither group, but those two are very common in my experience and make me quite suspicious of claims that "landowner" is a remotely good proxy for "cares about the local government".

If you own a home, you can sell it, but the price you get is (to a first-order approximation) the prosperity of the surrounding area. A renter just picks up and leaves and gets nothing no mater how well or poorly the area is doing.

Data beats theory. Unless you’ve observed otherwise yourself, @token_progressive is the only one providing (anec)data here

Then I'll say the opposite as @token_progressive: In my experience, a) the homeowners I know explicitly state that they plan to stay in their house for a long time b) the renters I know explicitly state that part of the reason why they wouldn't take a mortgage to own a home is because they don't want to be tied to one place and finally c) the homeowners I know, even if they end up selling their house, do in fact stay mostly in one place and are very invested into a tight-knit community there while d) the renters do in fact end up travelling somewhere else very often. Mind you that I very clearly belong to the second category.

But I'm not living in an ultra-expensive large american city, merely in a moderately expensive middle size city.

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