Earlier quoted context omitted.
People who own single family homes at the kinds of locations where developers are eager to build apartment buildings are among the wealthiest and most powerful ever to have lived. They are pretty successfully standing athwart capitalism’s most powerful firms, going toe to toe with people who have hundreds of billions of dollars on the line (in terms of Silicon Valley’s capacity grow and add headcount, not just the re…
> People who own single family homes at the kinds of locations where developers are eager to build apartment buildings are among the wealthiest and most powerful ever to have lived. This is about as far from true as it can get. Ordinary working class people who just happened to buy a cheap house in a place that many decades later became a hot-spot of real estate development.. are still ordinary working class people.…
I don't agree. If you own an asset worth a million dollars you are not working class. You may choose to work, but you are not forced to. IMO working class means you need to work to live. Choosing not to sell you home is not being forced to work in order to afford necessities.