Housing shouldn’t be seen as an investment.
I’d say it’s fine to be an investment for individuals and families. You should be able to at least break even on something you owned for 3 decades that’s still in good shape.
But that’s all. No LLCs or S Corps or any of that shit. People should own homes!
It’s almost like I’ve heard investing advice say this for my entire life. Can’t imagine why’d they tell us that over and over and then corner the market. Couldn’t be that they lie to us. That just, like CAN’T be. Right? RIGHT?!
This isn’t going to stop until the rich are afraid.
In case you’re wondering why fascism is on the rise, it’s seen by the wealthy as a safe way to manage populist rage; get people angry about out- groups and they’ll ignore the rich picking their pockets.
The wealthy don’t think they’re a line in Niemoller’s poem.
The problem is, if they’re afraid they have the resources to do something about it. That much wealth can buy a lot of private armies. It also buys a lot of lobbyists.
It takes more thought and planning then reacting with emotion against them. That feeds their goals just fine.
Emotion and belief is a start. The first step doesn’t need to be to the end of the game, it’s just a first step.
The rich need to fear the masses, until they fear, they will continue to hoard.
We need to deal with those assholes
It’s like a company town, except it’s the whole country.
Code 50 lines and whaddaya get?
Another day older and deeper in debt.
Saint Peter, don’t you call me 'cause I can’t go
I owe my soul to the private equity group who owns my house.
This is an actual disaster on the scale of a global recession or pandemic. This will change what society is, for the worse, for the rest of our lives.
80% of all apartments in Iceland have gone the same way this year.
https://samstodin.is/2024/03/attatiu-prosent-ibuda-hefur-farid-til-fjarfesta-thad-sem-af-er-ari/
And rent has gone up.
It’s around 30-40$ per m2 in Reykjavik.
I.e 2400$ for a crappy 850sq ft.
The French had the right idea about Blackrock
They also had some really great ideas about the ruling class
Too bad it will literally never happen as we’re all waiting for that one person to whip out the guillotine who will never come as they’re in the crowd waiting for that person too…
:/
Don’t worry, should it ever happen, there’s plenty of wannabe Napoleons who would be willing to step in to take over once theyre gone :)
Institutions need a place to live, too!
