141–150 of 550 posts
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How about blame wealth extraction by the 0.01% before going after the out group that’s clearly working more than the average and paying taxes?
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Supply and demand, supply and demand. It’s not that complicated. I’m not sure how or why this article got published by an organization that should, given its very nature, understand economics. The article doesn’t paint them or their members as people I’d trust in either side of a major financial transaction.
have you met a realtor? They can be some great people but as a profession they are known more for their extroversion and soft skills than their high IQ understanding of economics lol
I think right now, the only place I can afford a house (in a place I would actually like to live in), is in some derelict, abandoned Italian town in Sicily, or something like that.
> derelict, abandoned Italian town in Sicily That sounds like a great place to live. Good weather, quiet, Italian food & culture, safe & stable, public transit to the city…and you can work remotely.
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Look at real, median household income. It's been going up and up. The things that have gone up in relative cost are housing (because we heavily regulate building it) and premium services like healthcare and education because of Baumol.
Probably also doesn't help that to many people want/need to live in the same few areas. If you could take your office job (which in most cases would work perfectly fine) and move to a less popular area, 30% might be rather high.
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It's worth being precise about this because it's a really important point. Most people who we call "landlords" are simultaneously a landlord and a property manager. Property management is an important and productive job. But the vast majority of such people's financial outcome is actually from being a landlord , that is doing literally nothing except holding a piece of paper granting them monopoly on a plot of land.…
A landlord is doing exactly the same thing as an investor. They are tying up their capital in exchange for an income, and the possibility of a capital gain.
Landlords are the least productive class in society, and it's not even close in terms of ranking.
It's worth being precise about this because it's a really important point. Most people who we call "landlords" are simultaneously a landlord and a property manager. Property management is an important and productive job. But the vast majority of such people's financial outcome is actually from being a landlord , that is doing literally nothing except holding a piece of paper granting them monopoly on a plot of land.…
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Realtors don’t own the houses.
Not usually. But homeowners don't usually set the price themselves. Yes, yes, yes, yes, yes, technically they can. But a _realtor_ is in their ear telling them MORE MORE MORE.
also, they don’t get paid if something doesn’t sell for being overpriced.
it’s a market system.
Is it the wages or that shitty one bedroom apartments go for $2000+
Why not both? Wages are too low and rents are too high. The common factor: the capital class screwing over the working class.