410
Millennials are exhausted by working more for less.
(www.theguardian.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 06 Apr 2024
410 points (98.3% liked)
politics
19097 readers
4740 users here now
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
founded 1 year ago
MODERATORS
Rent seeking mindset I call it — too many people and companies seeking to press others to extract their money rather than providing tangible value to society, and it’s not generally millennials doing it. It’s the disgusting underbelly of the entrepreneurial mindset the many of the past used to frame capitalism.
Rent-seeking is essentially the core goal of capitalism.
I think there's clearly some societal benefits to distributing the work of maintaining housing in this way. Is there a cartel making the prices go up more than they should in a working market or what is the reason for it?
Greed is the reason, because they can. People need housing. Same way grocery stores are getting away with charging so much, people need food. The working market theoretically should fix this in time, but so far it isn't. New houses and competing grocery stores don't appear overnight. I fully agree with you, rentals have their place and there can be many benefits, but without proper oversight and rent control this was always going to be the outcome - squeeze as much cash out of people until you literally can't anymore. I don't think there is some secret collusion going on between landlords (at least in most cases), there's really no need. Just watch rental prices, then when the area average becomes higher than you charge for your unit, you raise yours slightly above that. By doing that you've now ever so slightly increased that area's average, now other landlords will raise their prices slighy higher, causing other landlords to raise their prices slightly higher, rinse and repeat. Note that I might be completely off the mark here but this lines up with my experiences at least.