-Ok-Perception- t1_j5y9l3o wrote
Nah, as we can see now, any available land/homes/property is just being purchased up by big corporate landlords. And pay is always calculated to be the barest minimum they can pay, yet keep you coming in. Rent is calculated to be the absolute maximum you can afford.
As time goes on the wealthy constantly chisel away at the net worth of the peasants. We're rapidly returning to feudalism.
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Has the working class seen 2 cents of all the value created by new manufacturing technology? No, they've just used that technology to work people harder, for less pay.
TheVBush t1_j5yapzf wrote
How do I upvote this more than once?
SadMacaroon9897 t1_j5ysds4 wrote
>Rent is calculated to be the absolute maximum you can afford.
As time goes on the wealthy constantly chisel away at the net worth of the peasants. We're rapidly returning to feudalism.
You've got it right on the nose with this part: Rents eat all gains. It's like the Red Queen said:
>“My dear, here we must run as fast as we can, just to stay in place. And if you wish to go anywhere you must run twice as fast as that.”
As productivity and pay go up, that means landlords can increase rents to capture those gains. Likewise, as society's spending decreases to make slack in our budgets, rents will still go up because now people can pay more for housing. The steady-state is a nation of serfs that can barely afford their rents
The only solution is to stop subsidizing land ownership, fairly tax land, and likewise distribute the benefits to society at large: Land should be seen as a liability to hold, not a pass to print money.
Surur t1_j5ydits wrote
Home ownership in USA has fluctuated between 60-70% for decades now and was a lot lower in the past.
But don't let the facts get in the way of your rant.
rugbysecondrow t1_j5ynw3u wrote
This. People like to jump up and down, but the reality is that homeownership rates are statistically normal.
daingerous88 t1_j5yroze wrote
I understand your point, and I know a quick google search might show the same. But are we really considering an imgur link to a picture of a graph that i could make with excel and no other links leading to hard data, a source that we take seriously?
Surur t1_j5yt3rv wrote
I think people are much more likely to look at an image than read a link, but anyway.
https://dqydj.com/historical-homeownership-rate-united-states/
It's interesting to me that people have extremely strong views on something which if they googled it for 20 seconds they would know is wrong.
People prefer anger over facts these days.
daingerous88 t1_j5yu1s9 wrote
Oh yes much better thank you!
Cryptizard t1_j5yw9wk wrote
And they are downvoting you for pointing out the truth lol it’s fucking depressing… It’s easier to tell yourself that nothing is your fault and the system makes it impossible for you rather than face more uncomfortable possibilities.
Surur t1_j5yyl2b wrote
It's happening a lot these days. Emotion over common sense, which means no real solutions for problems are found, just what makes people feel better.
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