Comment on Housing prices
rumba@lemmy.zip 2 days ago
What actually broke?
People figured out they could buy more than one house and rent it to other people, paired with a housing shortage partially due to people/companies owning all the houses, paired with technology to allow you to rent your houses out for a few days here and there to make income.
We allowed house ownership to become entangled with entrepreneurship.
…and it screwed EVERYTHING up;
People can’t afford kids because the rents are too high,
Rents too high for cool spaces to hangout in, so everybody’s at home and miserable.
Rents too high for a cheap restaurant to open, so everybody’s mad and pointing fingers,
Can’t find daycare, because it’s too expense for the daycare to rent a commercial property,
Even before that there was a boom in people using houses as an investment opportunity instead of just a place for people to live. Land ownership became the get rich quick opportunity that people who don’t play the stock market could put their money into. Then the people who do play the stock market got into it.
flandish@lemmy.world 2 days ago
that’s not broken though. this is how capitalism works at a temporal scale. we were marketed to and sold lies. on purpose. by monsters who have spent centuries making us think we can achieve a “dream.”
stringere@sh.itjust.works 2 days ago
Gotta be asleep to dream!