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[-] Naz@sh.itjust.works 204 points 3 months ago

Yeah. I hate the negativity of the Internet, but this is what "life" (at least in the first world) has become: the negative stories are amplified and the positive ones are short.

In a time of great planetary wealth creation, there is still disparity. One of the richest nations on the Earth has packed all of its citizenry onto the "liveable coasts", into cities.

The couple mentioned in the article tried to move away to a more affordable area with more land (Portland is Urban, and Spokane is rural), and were met with boredom and dissatisfaction.

They both earn collectively $250,000/year, which seems like a lot, and to many people in the U.S who earn the median salary of $52-65,000/year, it is.

They mention not wanting to pay more than 30% of their budget to mortgage costs, which they stated with "$5,000 being 50%", which means their real adjusted income is closer to $120,000, not $250,000.

That's still a lot, but more reasonable to the point of Median Salary × 2.

What this average couple demonstrates however, is that the erosion of the "middle class" in the United States is complete: The middle class is dead. They are both educated professionals who are working honestly, and don't make enough money to own a home.

That makes them poor. That makes all of us poor -- and it is a gross failure of the economic system with misplaced incentives and lack of regulations that has led us to this point.

The important thing to remember that this socioeconomic and political atmosphere is wholly contrived.

A better world is possible -- it however requires sacrifices that many people are unable or unwilling to endure. Whatever you are imagining going through your head right now, that's exactly what is necessary to change the first world for the better.

It's not any one individual's fault this happened. The honest working man and woman haven't done anything wrong here, and aren't to blame -- it's precisely because the honest (the just) have enabled the dishonest (the unjust) to continue to run amok, completely unchecked and unchained.

Here is to a better future, and for all the hardship we must all endure, to get there. 🍺

Fuck Private Equity.

[-] huginn@feddit.it 38 points 3 months ago

One of the richest nations on the Earth has packed all of its citizenry onto the "liveable coasts", into cities.

Packed is a reaaaaal stretch here. Portland's population density is about 1/10th that of notably the lovely and liveable city Paris.

The USA has "cities" that have so much land dedicated to preventing anyone else from owning a home - all that matters is the landowners and their precious fucking "real estate value". And where it's not houses it's car parks.

Everyone in the US who wants to live in a city could live in a city if we just built the requisite housing. We have too many self preserving leeches who refuse to live next to an apartment complex.

[-] Krauerking@lemy.lol 17 points 3 months ago

Yeah people in the US don't know what housing density actually looks like.

We got a country with a massive amount of land and just decided that the rich should be able to own all of it and if you don't feel like making money rentinf it out to people you rent it out to cars and demolish the house that was there.

We keep pushing further and further into the suburbs though for massive costs of infrastructure for 3 hour commutes to jobs that pay minimum wage though. It feels so unsustainable when I see our farm land being sold to real estate developers to put a massive parking lot and 12 houses on it.

[-] HubertManne@moist.catsweat.com 6 points 3 months ago

what gets me is the cost. you would think it would be the cheapest given the efficiency but I know plenty of people like myself who would dearly like to live in a high rise towards the city center but they are insanely expensive.

[-] Krauerking@lemy.lol 4 points 3 months ago

No one is in a rush to build more housing and lower the cost of all the other buildings they own and rent out.

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this post was submitted on 14 Aug 2024
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A Boring Dystopia

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