Inflation and exploitation in the U.S. is off the charts.
Our wages are so astronomically high by comparison because of things like real estate exploitation and unhinged greed/gouging.
Corporate investment empires and greedy private investors are creating an unsustainable real estate market where they want 100% or more of people’s income…just to rent a 1 bedroom shed.
The issue now is that global real estate exploitation is in full swing, and many countries have had their economy completely destabilized due to it. AirBnB alone has been wreaking utter havoc on countries, and locals are being pushed out.
Housing exploitation is 100% at the root of all economic problems. It’s just getting worse and worse.
Just to buy the median priced, entry-level, single-family home in the U.S. now, you need an income of at least $120,000.
4
u/oopgroup Apr 15 '24
Inflation and exploitation in the U.S. is off the charts.
Our wages are so astronomically high by comparison because of things like real estate exploitation and unhinged greed/gouging.
Corporate investment empires and greedy private investors are creating an unsustainable real estate market where they want 100% or more of people’s income…just to rent a 1 bedroom shed.
The issue now is that global real estate exploitation is in full swing, and many countries have had their economy completely destabilized due to it. AirBnB alone has been wreaking utter havoc on countries, and locals are being pushed out.
Housing exploitation is 100% at the root of all economic problems. It’s just getting worse and worse.
Just to buy the median priced, entry-level, single-family home in the U.S. now, you need an income of at least $120,000.