Housing Bubble 2: Return of the Ugly

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A community for discussing and documenting the second great housing bubble.

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SeattleRain

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Do you know how hard it is call a plumber? (lemmy.world)

submitted 7 months ago by SeattleRain to c/housing_bubble_2

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cross-posted from: https://lemmy.dbzer0.com/post/18963881

Get rid of landlords...

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[–] Hikermick 10 points 7 months ago (2 children)

Ahh what I would give to be young and naive again

[–] LANIK2000 -1 points 7 months ago* (last edited 7 months ago) (1 children)

It's basic math. The tenant gives money to the landlord who gets the privilege of investing it. It's one among the many one way cash flow systems of capitalism that cause this graph.

[–] Hikermick -1 points 7 months ago (1 children)

This has to be AI it's so stupid

[–] LANIK2000 2 points 7 months ago* (last edited 7 months ago)

Ya serious? Like I don't wanna just start throwing insults, but AI?!? Because it's stupid??? Regardless of if what I wrote is complete brain rot or not, you linking it to AI because of it, is just completely baseless.

Just dude, read a book or watch the news from the last 20 years. Every year there are more millionaires while the wealth of the middle and lower class are either not changing or even god forbid decreasing. If you want something more sophisticated read a critique. It's just not a system that can sustain it self indefinitely.

Here is a good starter for you: https://www.hup.harvard.edu/books/9780674430006

And because I know there's no way in hell you're buying a book based on an internet strangers opinion you suspect of being an AI. Here's a pay wall free link too. http://digamo.free.fr/piketty14.pdf