I think that single family homes as a speculative asset needs to be done away with. If all this energy and investment went to purchasing, say, agricultural land, then more "little" people could own that and protect against institutional investors. Small landlords were only good because they kept institutional investors away, but now that they can't purchase more homes, the small real estate investor's money would be better used to hedge against market capture in the next thing up the hierarchy of needs, i.e. food. If we keep walking this back, then eventually we can prevent assholes from speculating on basic needs.
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alphawhisky
Yes, they aim to improve their income to expense ratio with a high paying job, I.E. they have more spending power.
Civil Engineer/City Planner here. The bottleneck is legislative. NIMBY's are all over in US politics right now, local and larger. These folks put together legislation that makes it extremely hard to build without City/County/Township permission, unless the project benefits them in some way. So, most places will disincentivize new construction unless they get a grant for it, because they feel obligated to help their citizens by keeping taxes low and house values high. New construction does the opposite of these things.
That only covers a portion of the population. Don't forget the middle of nowhere towns that refuse to tax their citizens (but eat grant money like pigs) and refuse to allow new housing. All of this is essentially being done to maximize property value and keep new people out. This is why people are moving to cities in the US. Not a desire, but a need in order to make ends meet and get on the property ladder.
all generations after are the minions to serve them
Serve their kids. The money is only incidental to the power structure (nepotism, classism, xenophobia) that they intend to pass down to their chosen successors. They've been working to limit economic mobility, opportunity, and fairness for a while now.
I think that the vast majority of people who are "relying" on their parents for finances actually belong to the upper class. Family Feudalism has bred two consecutive generations of entitled shitheads, and these people are gonna have the wheel soon (if not already) in the US politically. This has concerning potential consequences.
Slavery and massive wealth disparity was also the norm for most of human history, but just like generational wealth transfer, that doesn't mean it's equitable (or sustainable). Personally, I'm concerned that this will lead to greater wealth transfer from poor to rich and the subsequent dissolution of social norms that hold countries and cultures together. But I don't really care, I have nothing to lose here.
Rare and needed reminder in the big '26
You misspelled "self-corruption"
This was my thought on the issue as well. How does moving it to private companies benefit anyone except the companies (who can now legally price gouge)? This is a centralized service, and just like healthcare, the numbers show that integrity goes out the window once financialized.
Don't forget that beyond exposing your right to privacy from the government, this info is basically a sitting duck for bad actors outside of government, too. I wonder if these companies would be held accountable if the privacy stealing was from the other end. Probably not.
He was a savant, It's not suprising that he was hyper-intelligent.
$1,550 a month for what? A three bedroom, 1.5 bath duplex with a garage maybe. For a flat though? Shoot me.
Speak with your money as much as you can.
Well, it is an El Nino year...
They're probably not looking on the first page of Google, for a start. We're at the sunset of the Information Age, that means that companies have bought all the info and are now manipulating it.
Nah I just wanna ragebait you. You have to respect someone to debate them.
Bernard, this may not be the best time. This market is gonna go nuclear...
Forgot the holy spirit, doofus. The God in you and me. The reason Jesus told us to love one another. You will never be righteous with such a shallow and disconnected interpretation of God's will.
Autoinvest diversely and don't sell. Minimize transactions. Never invest based on the news.
I think most people would argue that's just being a moral person. Jesus was a humanist, after all. I find that these days, the folks looking for community won't really build for others, and the folks looking to build for others are extremely hesitant to join a community. You tell me why and which group are better Christians.
Yeah, but what about Dr. Doofenschmirtz? He has a teenage daughter and manages to push the envelope in multiple fields of science.
Well, who else would you hire for the circus?
Unrest will just harden the people who see your cause as unjust against it. That will be a strong majority of people, so will go no where.
I think you're wrong here. Most people are pretty fed up right now.
This article touches on the fact that old folks have much more money accumulated than younger people, and this causes a large social disconnect. Maybe if we put a cap on the age for voting (i.e. no voting once you retire) then older people would be incentivized to spend their wealth, time, and energy on young people in the hopes that they would carry the torch politically. Regardless, it's obvious by current inflation of assets that these folks don't mind pulling the ladder up if it benefits them, and something should be done about that.
One of the real costs of the end game attention economy is that when your "car" crashes, noone is going to stop to help. When the market you engage in gets swallowed up, everyone will buy the swill that outcompetes you on perceived surface level value. Communities get fractured. Organizations that used to be community pillars (church) become self serving. All these things create a positive feedback loop of intellectual degradation.
Their dialogue on "substituting truth and validity with a register of emotional validation" is pretty prevalent across the entirety of US culture right now. The first thing that comes to mind for me are Christian groups that do a lot of celebrating during services or events with absolutely no goodwill, volunteering, or donating at all. They're real good at making you feel righteous, but awful at actualizing it. Hate the hollowing out of traditions that used to make communities and people great.
A third perspective here, but maybe small ownership of these things allows for best practices (i.e. small farmers are greener and care about passing arable land to the next generation, small server owners care more about total system ownership which necessitates alternative energy production and making use of hardware that would otherwise be trashed). I think you're both onto something, now kiss!
You either have to be a medical professional/media person now to live without worry.
Civil Engineer here. Used to get clowned on by other STEM students for going into one of the "lowest paying" engineering majors. Post grad, I can't imagine a more stable job, and my generational cohort is having a hard time. Boy do I feel smart. And the bonuses after construction season? Forget about it.
My theory is that these people are the stewards of internet culture. Moderators, meme creators, leaders of niche online communities. Therefore the jokes they make spread a lot more easily due to exposure.