cross-posted from: lemmy.ml/post/16038479
Marxist Financial Advice
Submitted 5 months ago by FenrirIII@lemmy.world to workreform@lemmy.world
https://lemmy.ml/pictrs/image/b45a9805-4ae2-4e38-9e76-dc5f5ae451a3.jpeg
cross-posted from: lemmy.ml/post/16038479
Marxist Financial Advice
This must be an old comic. They’re only spending a third of the money on rent.
Yeah there used to be a time when, in order to qualify for renting or buying a dwelling, candidate had to prove to the housing industry that they earned three times the amount of rent or mortgage. Is that still a thing?
Don’t ask me. I’m getting my house the old-fashioned way.
Everyone needs to read “Hell’s Angels” by Hunter Thompson.
There’s a chapter where he lays out the economics of being a biker/hippie/artist circa 1970.
An Angel could work for six months as a Union stevedore and make enough to hit the road for two years. A part time waitress could afford an apartment for herself and her musician boyfriend.
But how many super yatchs were there in the seventies?
Checkmate workers
That’s another thing I always mention.
When Ronald Reagan took office, ‘middle class’ was defined as one Union salary job supporting a family of four, and $1 million was considered a vast fortune.
By the end of Bush Sr’s term, ‘middle class’ was two jobs to keep the family going, and $1 million was what a rich guy paid for a party.
Step 1: buy useless shit.
…
I love the comic where he plays Monopoly and flips the fuck out
I think you might be missing the point of the comic.
The point being that the supposed financial advice is really stupid and outdated/suspect
Just absurdly impractical for an everyday couple.
And all that avocado toast! I mean really!
Soup@lemmy.world 5 months ago
“Almost a third on rent”? What utopia do they live in?
Right now a simple 2bd apartment averages $2450 where I live and this was always know as the cheap Canadian city! Bonkers!
MelodiousFunk@slrpnk.net 5 months ago
Image
Tja@programming.dev 5 months ago
So it’s either the city or the forest? Rural towns, commuter cities, farmer villages…
Worx@lemmynsfw.com 5 months ago
Imagine being able to afford rent. I just live with my parent and hate it every day!
Soup@lemmy.world 5 months ago
Oh look at “can live with their parents” over here. How luxurious!
otp@sh.itjust.works 5 months ago
Hey now, you could probably downgrade to a 1bd and save $200 a month
Swedneck@discuss.tchncs.de 5 months ago
here in sweden most cities have some amount of municipal housing, where you can get a family-sized apartment for like $1200 equivalent, or a studio apartment for $300-400
it’s almost like socialism works, and it works so fucking well that they have to legally restrict the municipal housing from being more than like 17% of the housing supply lest it nuke all private landlords from orbit
Lucidlethargy@sh.itjust.works 5 months ago
It’s 3,100 where I live… And these are American dollars. I’m tired…
Tja@programming.dev 5 months ago
Is the average salary 3600? Then it would check out.
Soup@lemmy.world 5 months ago
Worse, actually. My net at $58,000CAD got me $3,600/mo. If I wanted a simple 2bd today it would be now two thirds of my take-home. The friend who rents my guest bedroom has become my roommate over the last few months as they’ve been unable to find a place that’s even vaguely reasonable.