Poors who never owned anything and will never do cry at the world
OP
What the frick is the end goal in all of this economic turmoil?
The car market is fricked; The housing market is fricked; Food prices are insane. Our salaries haven't changed. It's demoralizing to see Redditors who have houses talk about how great it is and that the housing market is never going to come back down. I don't think the car market will ever return to normal and I wouldn't doubt the housing market is the same way. But the price of a house and the salary of the average American is a large chasm.
Even in small, LCOL areas, I've seen people talk about corporations buying houses and driving up the prices. I'm beginning to see talks of entire neighborhoods of houses that are only for rent. Not rent to own. In theory, you shouldn't buy a house that is more than 3x your annual income. So a single person making $50kish a year has to find a house for $150k but where is that happening? I live in a low income, high crime area and the house I'm in is appraised at $175k so I can't afford to purchase the house I'm in.
I spend a lot of time wondering why I'm back in school, what's the purpose when most of my working life will be spent paying bills and putting the rest into a retirement fund that I likely will never use. With my prospective and current salaries, I won't have money to vacation, get a new car, etc. What's the point of all this then?
To get back to my title, what the frick is the end goal in this economic turmoil? 75% of us being homeless and living outside while corporations hoard houses? Moving to a new country likely won't help because I see many people in various countries talk about having the same issues.
The poor will start a war with each other rather than coming together to fight the rich.
Finally someone with some sense.
You will own nothing. You will live in the pod. You will eat the bug. And you will be happy.
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Lol he's not entirely wrong. I didn't realize just how widespread of an issue this was until I entered the home ownership stage of my life recently. I live near the boundary in a new development and judging from the signs it felt like a third of the houses just to the end of my road were bought up by this single investment firm and flipped. Now I get to deal with ratchet renters who don't give a frick what their lawns look like and leave dogshit everywhere.
You have to be a special kind of r-slur to willingly want to spend that much on rent too. I looked up what they're charging and it's generally almost 800 more than my mortgage + property taxes, some even up to +1200 which is insane to me. Even IF they cover maintenance and utilities, there's no fricking way that makes up for the difference. Why not just live frugally for a bit then actually put a downpayment on another house being built if ur gonna piss away that much cash? I'm seriously considering pooling money with friends and getting into the real estate grift so I can make money off poors that make dumb financial decisions like this.
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They don't wanna be tied doooonarino
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The overwhelming majority of houses in the US are owned by individual owners and not corporations and it's not even remotely close.
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Sorta? I was curious about this when I moved in and iirc like 70% of "properties" are owned by individuals in the US, but when you take into account apartments and duplex conversions or multi family homes, corps own around 50% of "all rentals" in the US. I wouldn't say that's "not remotely close". When I went to the community BBQ I met 2 boomers who bought up multiple properties and they were talking about their friend that did it too (there's about 3000 new houses being built in this area) so while it's not entirely corporations, it's still very widespread.
Edit: sorry I misunderstood. I thought you meant rentals in general. I just looked that number up and it's still 35% of the population, probably skewed even higher to younger people, which is pretty significant.
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Banking institutions need to be banned from owning houses. Theyre already getting free government money blackrock showing up and buying houses en masse with money printing at 0% interest is a rigged game
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Because goyslop and trinkets are more important
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NETFLIXERINOS
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