Comment on [deleted]
givesomefucks@lemmy.world 3 hours agoRaise your standards.
I’d love for my standards to be a “normal house” worth over a million dollars…
But my uncle didn’t start a giant media company and name it after genocide a to hand me a platform…
But to be honest I probably would have turned it down and wouldn’t have been interning for him in the first place
CardboardDecoy@lemmy.world 1 hour ago
I like this idea that The Young Turks exists as a vehicle for Hasan almost exclusively.
This ignores the year(s) where he streamed games to an audience of 30 people after he quit TYT.
And to be clear, your standards are referring to a normal house as a mansion. Capitalism has robbed you of being able to imagine even normal things as anything but unreachable Luxury. And your weird sense of Socialism has convinced you that poverty is the only virtue that proves your Convictions. Both of these things are lies you’ve swallowed from a class of people who are waiting for you to pass out in their warehouse and die so they can stop hearing your whining.
sem@piefed.blahaj.zone 1 hour ago
Normal houses should stop being treated like speculative investments…
But how do you prevent that?
CardboardDecoy@lemmy.world 42 minutes ago
I mean I’m not an expert but financial regulation and a functioning FTC. Being completely real I only have keywords here and no working knowledge of the links but Mamdani is already Taxing second homes that are being unused and kept as financial assets in NY which is something I feel should be modeled elsewhere. The faircloth amendment should be repealed and public housing destigmafied. And air BnB and interstate rental firms (or just any blanket asset management firms like Blackrock while we’re at it)should be abolished. Those are my big general takeaways.
My basic understanding is the reason we have housing as a speculative asset is the same as everything else that’s been getting exponentially shitty over the past 20 years, “if it exists and isn’t generating money then what’s the point of it”. Housing especially was always seen as an appreciative asset, but maybe if barely supposed to match inflation rates, so you could say any money you put into equity would always carry value into present day, but some people took that to mean"I should be able to die and be buried in a gold coffin because something about compound interest" and there were a lot of financiers who took advantage to this leadded gasoline fueled delusion.
Anyway that’s my two cents.