Housing Bubble 2: Return of the Ugly

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j4k3 , in Calif. lawmaker wants to ban firms from owning over 1,000 homes
@j4k3@lemmy.world avatar

They'll just open shell companies. Corporate participation in the housing market is morally wrong, and one of the biggest blunders in the justice system of the USA. It is an erosion of democracy. Housing is a fundamental human right. The vast majority of land is unoccupied, and that which is fit for occupation is not adequately zoned to compensate for the needs of people. The entire housing market is an inflation scam. There is absolutely no reason for houses to cost so much, especially considering they are made of toothpicks and papier-mâché with no attempt made to make them efficient or sustainable at scale.

guyrocket , in What a family of two is required to make to live comfortably
@guyrocket@kbin.social avatar

Title of post is wrong.

This is for a family of FOUR.

SeattleRain OP Mod ,

Thank you, fixed.

guyrocket , (edited )
@guyrocket@kbin.social avatar

Thanks for fixing it.

ETA: Not fixed...?

reddig33 , in Americans 55 and older grew their overall assets to a record $114 trillion by the end of 2023—nearly 70% of all households’ wealth, per WSJ. ...

Pay no attention to the concentrated 10% wealth at the top. Let us distract you by telling you the problem is your next door neighbor trying to pay off their mortgage instead.

https://www.statista.com/statistics/203961/wealth-distribution-for-the-us/

superfes , in Calif. lawmaker wants to ban firms from owning over 1,000 homes

Ban firms from owning more than 2 private residences.

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