Home owners may express sympathy for renters priced out of the market, but the truth is that they like owning expensive real estate – and don’t want it to get cheaper.
People say the market corrects itself all the time and I don’t know what to make of it. I too was born of the lie of meritocracy and wild NeoLiberal economic claims and yet all I’ve ever seen, save for 2 moments in my life, is the market consolidating wealth to the top.
That definition of market correction insinuates the market only works for the rich, so, I mean, if you aren’t rich maybe reconsider spreading their propaganda for free. Get paid for your services at the least, they can afford it.
Or, like the article describes, maybe youre one of the chosen ones to own a home, and your “retirement” or future financial security is tied to it, so you’ve become strong armed, blackmailed, into reinforcing this fucked up status quo.
Regardless, to fix the housing crisis everybody has got to accept that their homes are overinflated in value and need to come back to reality. Everybody has to give something, there is no social change thats not going to require change from everyone. Like…the dialectics make that clear in their own. Government might have to mandate banks renegotiating terms for some housing loans, but so what. Banks are part of the society too, they should also expect to change as well.
The alternative means you choose a heartless meatgrinder of a society. And really, with global inflation, China potentially crashing, the USA potentially crashing, the UK potentially crashing, and BRICS potentially undermining/destroying the value of the dollar well, news flash, no ones retiring.
I don’t know how anyone could have that kind of faith in capitalism. A once in a lifetime financial event almost every 5 years now.
Think of how many years it’d take to salary out to 650k, vs finding free shit online and literally sourcing and making every component, from scratch.
I can source together the materials and build a house faster than I could pay for one already built, in this market. Decades sooner.
People say the market corrects itself all the time and I don’t know what to make of it. I too was born of the lie of meritocracy and wild NeoLiberal economic claims and yet all I’ve ever seen, save for 2 moments in my life, is the market consolidating wealth to the top.
That definition of market correction insinuates the market only works for the rich, so, I mean, if you aren’t rich maybe reconsider spreading their propaganda for free. Get paid for your services at the least, they can afford it.
Or, like the article describes, maybe youre one of the chosen ones to own a home, and your “retirement” or future financial security is tied to it, so you’ve become strong armed, blackmailed, into reinforcing this fucked up status quo.
Regardless, to fix the housing crisis everybody has got to accept that their homes are overinflated in value and need to come back to reality. Everybody has to give something, there is no social change thats not going to require change from everyone. Like…the dialectics make that clear in their own. Government might have to mandate banks renegotiating terms for some housing loans, but so what. Banks are part of the society too, they should also expect to change as well.
The alternative means you choose a heartless meatgrinder of a society. And really, with global inflation, China potentially crashing, the USA potentially crashing, the UK potentially crashing, and BRICS potentially undermining/destroying the value of the dollar well, news flash, no ones retiring.
I don’t know how anyone could have that kind of faith in capitalism. A once in a lifetime financial event almost every 5 years now.
Think of how many years it’d take to salary out to 650k, vs finding free shit online and literally sourcing and making every component, from scratch.
I can source together the materials and build a house faster than I could pay for one already built, in this market. Decades sooner.