Something something avocado toast : politicalmemes

[–] [email protected] 4 points 3 weeks ago

Yep no shit

[–] [email protected] 31 points 3 weeks ago

"Greedy landlords" is an easy cope out. Instead we should realize the system that's built to continously inflate the economy whereas our wages stagnate at best.

[–] [email protected] 121 points 3 weeks ago* (last edited 3 weeks ago) (3 children)

I bought my house in 2014, $224k at 4% APR, my monthly payment including taxes is $1400/mo.

It's only been 11 years, inflation is up ~35% in that time, so buying the same house now should be ~$1900/mo. Actual price if I were to buy it now? ~$3500/mo. And wages have barely budged. No wonder young people entering the workforce can't buy houses anymore.

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[–] [email protected] 69 points 3 weeks ago (1 children)

[–] [email protected] 33 points 3 weeks ago (6 children)

Is this the original unmodified drawing? What a dump truck on the lad.

[–] [email protected] 12 points 3 weeks ago

Dr. Manhatten got back.

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[+] [email protected] -9 points 3 weeks ago (17 children)

Is it greedy landlords? Or is there a bigger issue at play, and landlords are the scapegoat? I imagine not all landlords are greedy, but if market price is $1,600, why wouldn’t the landlord charge $1,600?

[–] [email protected] 14 points 3 weeks ago (1 children)

Why should we have a market for housing at all? Not everything needs to be a market

[–] [email protected] 8 points 3 weeks ago

Also add in: education, health care, and prisons.

It's appalling the things people are able to make money off of and still sleep well at night.

[–] [email protected] 9 points 3 weeks ago (2 children)

No, not all landlords are greedy but the ones who's decisions have a large impact on the housing market are. The elderly widow who is renting out her basement to a young professional isn't being greedy. The CEO who said this quarter he'll return 25 million in stock buy backs instead of the regular 15 million are the greedy motherfuckers

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[–] [email protected] 36 points 3 weeks ago (3 children)

Are you not in America? We have whole software systems illegally manipulating the rental market prices.

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[–] [email protected] 26 points 3 weeks ago (1 children)

It's definitely landlords. See: Rent seeking behavior.

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[+] [email protected] -21 points 3 weeks ago (3 children)

Rent isn't linked to inflation, it's linked to your income. The income you are able to gain in the area goes partially to the real estate in that area.

You can't compare it to easily imported goods from china. Who don't work for an amount that you get paid.

[–] [email protected] 11 points 3 weeks ago (1 children)

Well then it's good we kept the minimum wage at $7.25 which is why inflation never happened.

[–] [email protected] 14 points 3 weeks ago (1 children)

Ok and assuming this person was probably in the 80’s where minimum wage was about half what it is now… that means the $310 should be $620… which it isn’t.

Political Memes