ID: A Sophie Labelle 4 panel comic featuring Stephie in different poses, saying:
Landlords do not provide housing.
They buy and Hold more space than they need for themselves.
Then, they create a false scarcity and profit off of it.
What they're doing is literally the opposite of providing housing.
An international (English speaking) socialist Lemmy community free of the "ML" influence of instances like lemmy.ml and lemmygrad. This is a place for undogmatic shitposting and memes from a progressive, anti-capitalist and truly anti-imperialist perspective, regardless of specific ideology.
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Notable achievements in all spheres of society were made by various socialist/people's/democratic republics around the world. Mistakes, however, were made as well: bureaucratic castes of parasitic elites - as well as reactionary cults of personality - were established, many things were mismanaged and prejudice and bigotry sometimes replaced internationalism and progressiveness.
The policy issue to overcome here in America is a robust pension system. Home values are obscene for a lot of reasons but one of the biggest reasons no one does anything about it is because for most non elite Americans the home they own is their most valuable asset and the growth in equity ends up becoming a significant contributor to retirement
Even with that the dream is over; the days of baby boomers buying houses and seeing explosive growth of 12-20k in 1960 to 200ish-k in 2010 or even gen x buying a house for 100k in 1995 and seeing it mature to 400k in 2020 are unsustainable. The people buying 250-400k houses now (like me) would be foolish to expect their homes to be worth millions in 30 years outside of hyperinflation.
But I bet money we will cling to it. It’s difficult having seen the past several generations retire very comfortably via the equity in their home, while we make the $2000 mortgage payment that will get us housing but not this benefit. Another way millennials get fucked out of something that every modern generation before them had. To be fair this one had to die but it just sucks all of this gets saddled on us because it’s not like there’s a strong likelihood social security is getting fixed in time
Buying a home now requires so much money down, and will still have monthly payments higher than renting, it's not even a question for me. Home ownership isn't in the cards and may never be.