who-did-this cap-think

  • UltraGiGaGigantic
    link
    fedilink
    English
    arrow-up
    1
    ·
    edit-2
    4 hours ago

    Me having a kitty and a good safe house to keep it happy in is my dream.

    But I’m not stable enough for my dream. That’s okay, there is plenty of nightmare to fill the time.

  • Barx [none/use name]@hexbear.net
    link
    fedilink
    English
    arrow-up
    17
    ·
    2 days ago

    The explosion in housing costs is due to economic rent paid to finance with intermediaries like landlords and NIMBY groups. As a financialized asset new housing is only built under the expectation of not just profit, but rapidly accelerating profit, with the lendor using the collateral to make overleveraged trades. Existing housing benefits from this upward pressure and the limit it places on new housing, which must now compete for space and location with other financialized real estare ventures like bazinga-filled office buildings and a third Starbucks in a 4-block radius.

    This would all still happen even if rich people paid more taxes. It is an outcome of financialized housing, itself a direct product of capitalism, particularly neoliberalism.

    Also the fact that they’re all white is really telling on itself. Everyone else has had to deal with this sooner and in greater extremes but they only care when it impacts enough white people.

    • UlyssesT [he/him]@hexbear.netOP
      link
      fedilink
      English
      arrow-up
      18
      ·
      3 days ago

      Just noticed that.

      Hey, what happened to the 2000s? There’s a gap here! There needs to be three popped collars and scene kid aesthetics!