this post was submitted on 09 Jun 2024
998 points (98.0% liked)
memes
9806 readers
4 users here now
Community rules
1. Be civil
No trolling, bigotry or other insulting / annoying behaviour
2. No politics
This is non-politics community. For political memes please go to [email protected]
3. No recent reposts
Check for reposts when posting a meme, you can only repost after 1 month
4. No bots
No bots without the express approval of the mods or the admins
5. No Spam/Ads
No advertisements or spam. This is an instance rule and the only way to live.
Sister communities
- [email protected] : Star Trek memes, chat and shitposts
- [email protected] : Lemmy Shitposts, anything and everything goes.
- [email protected] : Linux themed memes
- [email protected] : for those who love comic stories.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
That certainly doesn't look steady, lol. Large investment firms and banks are buying up a large number of single family housing, making it unaffordable.
Wages do go up, yes, with respect to inflation. They get nowhere close to productivity increases, as exploitation rises.
Look at the scale, it's between 63-68 for decades and the top number was literally a bubble
I agree that not all of the productivity gains go to the workers, but the workers are better off now than before
I am referring to the literal times we live in. Single-family housing units are being gobbled up by large firms, this will not show up on your graph just yet.
The Workers are now recieving even less of the Value they create than before, that's a wild way to justify this.
Corporations owning houses is a tiny percentage, again, home ownership rate is 60%+
It is not a tiny percentage, and it is getting worse.
It's not even a special problem if a corp is a landlord or just one person.
The problem is not enough housing, not enough construction. Housing prices are actually decreasing in Austin because Texas builds
Landlords are problems themselves, it doesn't matter if it's a corp or a person.
The problem is NIMBYs, not landlords
The problem is Landlords.
Why? It's impossible for all of the homes to be owned, we've been between 63-68% home ownership
In fact, a nasty thing happened when the home ownership peaked around 2008
Public and individual ownership. Renting for profit is predatory.
Not everyone can just pay a down payment on a property
The government doesn't have the money to buy every property
Is that what I am advocating for?