I congratulate Victoria Hugo-Vidal on her fine column in the July 24 Telegram. What a common-sense, workable solution to the problem of lack of opportunities for first-time ownership of a house for families. As a believer in capitalism – a system that I believe affords the best standard of living to the greatest amount of people – the issue of moderately priced housing being purchased by investment companies posed a conundrum for which I couldn’t see a solution. Her solution, I believe, checks all the boxes.

While investors can still purchase investment properties, there should be limitations to their opportunities in order to allow lower- or median-income families, particularly those just starting out, to purchase a reasonably priced home. I have lamented the fact that young families today are often unable to purchase a first house. As baby boomers starting our family in the early 1980s, my husband and I and our peers were all able to either build or purchase our own homes. We were all middle-class people who worked for a living. We didn’t encounter this phenomenon of being priced out of the market before we even started looking,

Maybe we could call this new system “inclusive capitalism” – a system while, allowing opportunities for great wealth, acknowledges that not all of us have the same opportunities or talents.

Kathleen C. Barron
Great Diamond Island

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