>>2962658I don't really know enough about the housing market to judge whether it would be better to have it private or public.
Maybe it would be better as a public institution, i cannot say.
But it's glaringly obvious to me that not every industry is better when centrally planned and controlled.
Just look at farming.
In China people were starving and because of that a few farmers decided to do something different behind the backs of the communist leadership.
They decided To try spliting the land so instead of everyone owning everything each of them owned a separate part of the land.
Can you guess what happened next?
The farm flourished and they were going over their quota where they had previously been under.
This didn't go unnoticed so an investigator Was sent to find out what made them so successful.
When he came back and reported his findings the leader at the time decided to follow their example and instructed every farmland to do the same.
That's how china stopped starving, by semi privatising their farming industry.
Tl;dr china addopted a semi privatising farming strategy to stop starvation and it worked
