And the politicians who administer such programs are almost invariably more scummy than people like Neumann.
But yeah I trust government more than privates, if anything because there are three branches in governments that oversee each other and are independent and because people can try but somehow the justice comes
And most importantly, are elected
The point was that when Neumann fucks up, a few limited partners get screwed over. Maybe a few building owners too.
When the government fucks up, everybody gets screwed over, but mostly you and me, the taxpayer.
It's often years between the time a government policy is recognized as a failure and when it actually changes. At least companies go under eventually if they aren't profitable. There scale is obviously much more limited as well.
People seem to forget that NYC landlords paid people to burn down their apartment buildings due a combination of rent control and rising costs. Cheaper to just collect insurance than lose money on each unit you rent.
Me neither. It is because of comments like this that I don't downvote people. The signal is too vague. I can report from the front that this is a surprisingly polarising comment; the early score is all over the place.
Just in case the sibling theory is correct ... Contextualising to the US I would have thought it uncontroversial to say that a schizophrenic Bush-Obama-Trump-Biden producing system is not one you want controlling your house. Because that is what politics is. At least half that group should concern any reader, ideally 4 for 4 for people who are more interested in results than intentions.
We want more people to have control over their own home, not less. I'm accepting of the fact that I live in someone else's house and it isn't my choice if I'm here in 12 months - but it is hardly an ideal state of being.
And pretending national politics isn't a big driver of what happens locally is a bit naive. Sticking to the US, the federal government is 20% of the economy. Most other first world countries are probably similar ballpark. That has a huge influence on everyone.
I can literally give you better returns. Give me $20 billion and I'll give you $11 bill back.
Insulting to people who have actually built unicorns to put WeWork in the same category.