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orthoclad

(4,818 posts)

6. Why housing is now so expensive

Reply to Kid Berwyn (Reply #2)

Sun Jul 16, 2023, 02:57 PM

Jul 2023

During the Great Recession, corporations bought up large numbers of distressed and foreclosed properties. This enabled them to corner the rent market and drive up the cost of living, while getting fantastically rich.

The rich love recessions: they're opportunities to buy cheap. That is, if you have a big reserve of inherited money.

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With our food systems on the verge of collapse, it's the plutocrats v life on Earth [View all] Kid Berwyn Jul 2023 OP

"patrimonial spiral of wealth accumulation" orthoclad Jul 2023 #1

Thank you! It's by design, the rich get richer. Kid Berwyn Jul 2023 #2

Why housing is now so expensive orthoclad Jul 2023 #6

K&R 2naSalit Jul 2023 #3

While defeating Trump's conspiracy tops the issues in 2024... Kid Berwyn Jul 2023 #5

That would provide full employment. orthoclad Jul 2023 #7

They seem equally important... 2naSalit Jul 2023 #8

You're right on both counts... Think. Again. Jul 2023 #14

Thank you for posting this. Think. Again. Jul 2023 #4

You are welcome. Subject was addressed on DU in 2005... Kid Berwyn Jul 2023 #12

Octafish? orthoclad Jul 2023 #25

Captain Beefheart reference orthoclad Jul 2023 #28

There is massive waste of food here in the US Kaleva Jul 2023 #9

Cutting food waste out would be beneficial. Kid Berwyn Jul 2023 #13

In the end, they will pose as homeless people Mr.Bill Jul 2023 #10

Likely outcome. Before then, the rich will do all they can to hold on. Kid Berwyn Jul 2023 #15

That was the scariest thing I've read in decades orthoclad Jul 2023 #26

Well, hope your new garden's coming along nicely and Hortensis Jul 2023 #11

It feels odd... Think. Again. Jul 2023 #16

Networking is very important IMHO Kaleva Jul 2023 #19

You aren't wrong! MissB Jul 2023 #21

You are doing many things now what I'm striving for Kaleva Jul 2023 #23

At our age we're not interested in trying to survive a complete Hortensis Jul 2023 #22

Would the world could sustain us with its bounty as is. Kid Berwyn Jul 2023 #17

I have a lot of blight problems with potatoes- orthoclad Jul 2023 #27

I have a half acre property MissB Jul 2023 #20

That sounds fantastic, as do Kaleva's and Kid's. We could be Hortensis Jul 2023 #24

Rich vs ultra rich Johnny2X2X Jul 2023 #18