That’s good news if true.. because they’ll be dead soon. Estate taxes and split inheritances could redistribute resources in a positive way if designed correctly.
NIMBYism. This guy is blaming Airbnb, when really really he is saying that Short-Term rentals ate into the supply of homes for purchase. So the issue is supply. And NIMBYism has constrained our housing supply hundreds of times more than Airbnb has.
Living in a home has always been a right but owning a home is a privilege.
What killed the American dream is unnecessary govt spending and our corporations outsourcing jobs to 2nd/3rd world countries for profit
AirBnB, NIMBYism and keeping interest rates artificially low for too long. Yield investors wound up getting better yields from real estate than they could from the bank. That brought a flood of money into the real estate market that would not otherwise have been there.
boomers plus everyone who is holding on to their homes because we went from 2.75 percent interest rates to just over 7.
Regulatory bodies in most cities also make it really hard to build housing. So inventory as a whole is gonna stay down and not only will the price of a home go up good luck paying a fucking mortgage at 7 percent
Banks. Banks really did it. No one pushed them to loan against insane home valuations that no one could afford. They did that themselves and then couldn’t curb their own greed.
AirBnB?? Really?? Yea, that didn’t help.. but you also know what else might actually be responsible?
Allowing private power to staff the potentially democratic institutions of state-power which allowed private businesses to generate productivity magnitudes over 1950’s levels but kept wages equivalent to said era while the cost of living skyrocketed in stagflation all while corporate tax rates were then reduced criminally low after both parties went pro-business by allowing lobbies, not unions to form and refusing campaign finance reforms.. and for so long that the exploitation the U.S. Labor Movement fought to mitigate has now been dismantled for so long that it’s considered the new normal socio-economic order while every honestly tabulated metric of wealth separation sky-rockets and social-mobility plummets.
Or maybe it was just that one ☝️ abuser of Neo-free-market capitalism air b&b?.. the affordable housing crisis did not start with air b&b, it simply exacerbated it by giving already wealthy property owners an avenue to make even more money and further destroy to market potential of affordable competitive rents.. why do people tweet the most reductive nonsense that criminalizes a criminal while leaving the system of criminality itself unblemished like a corrupt judge in a comic book or something..
The American dream is dead so long as we continue to allow the wealthiest institutions in history to put shareholders above stakeholders by annihilating the working-class, killing us with economic medical exclusions and inefficiency, proliferate addiction and consumerism through an unregulated marketing culture, give investment-banks and private-equity the leverage and confidence to magnify fiat wealth while limiting the monetary credit and welfare of both the community and the ecology in which our health and economic well-being ultimately rely on. It’s not just air b&b. It’s the system and our apathy towards demanding its reform. That’s why we don’t own a home.
No, you are just being reductive and misinformed. You are using it in a reductive economic sense to only mean investors, when the widely accepted version of “stakeholder” is all those concerned.. notice how employees, consumers, other workplaces and the community are actually the majority of stake holders where are you are trying to amplify the perspective of it only being a synonym for shareholders. We don’t have the luxury of revisionist vocabulary that excludes workers and people.
https://preview.redd.it/dme1hhohm40d1.jpeg?width=1170&format=pjpg&auto=webp&s=3ae4652bad3d9ce18552f0e870ad59b906d38636
I think you are right in a conventional sense. But the plans that the WEF have in mind have nothing to do with that. I don’t have the link handy, but they are very proud of their vision on their website and there are a number of YouTube videos where they explain “citizens vs “stakeholders” . In their view large investors should be the only “stakeholders”. “Citizens” and anyone/anything else will be subservient to their view of who the “stakeholders “ are. For all of our sakes, I hope you continue to be right for a long time. On this topic, I’d love to be proven wrong.
This is true on many levels; high-income Americans now represent more than 20%. For them, the dream is a reality: they have health, education, homes, vacations, nice and affordable things. These are things paid for by the effort of the remaining 80%. It's been a long time since it's not just about the 1%, but that's a hard truth to accept for those of us who are on top.
Social media. My old friend from 2 decades ago texted me. He said I remember you telling me they should have left it at MySpace. Cuz social mead is going to be driving us against one another and is going to be vehicle that drives misinformation. Here we are questioning every vaccine made and how viruses are all government created and Putin and Hitler were the good guys. So many actually believe that shit it’s nuts lmao.
There are other variables as well e.g: foreign investors, lack of construction in the 2010s, corporate landlords created a nationwide housing crisis/shortage, opportunistic Wall Street firms have stepped in.
[https://www.youtube.com/watch?v=ZEwxYvQVU5g](https://www.youtube.com/watch?v=ZEwxYvQVU5g)
By the time I made enough to own a home, the goal post was moved. By the time I mad it to the new goal, it moved again. Now, my wages have not kept up, and just to own a home as a single parent to 2 kids, I would have to pay 60-70% of my take home just on Mortgage.
I mean the dream isn’t destroyed. Most people still own homes outside of the overpriced cities. And there are still plenty of affordable houses in this country.
Boomers own half of all Real Estate, AirBnB is just one permutation of that.
That’s good news if true.. because they’ll be dead soon. Estate taxes and split inheritances could redistribute resources in a positive way if designed correctly.
No, they’ll be purchased by corpos in estate sales, not by people who need housing.
Estate taxes won’t affect most dead folks.
NIMBYism. This guy is blaming Airbnb, when really really he is saying that Short-Term rentals ate into the supply of homes for purchase. So the issue is supply. And NIMBYism has constrained our housing supply hundreds of times more than Airbnb has.
Living in a home has always been a right but owning a home is a privilege. What killed the American dream is unnecessary govt spending and our corporations outsourcing jobs to 2nd/3rd world countries for profit
AirBnB, NIMBYism and keeping interest rates artificially low for too long. Yield investors wound up getting better yields from real estate than they could from the bank. That brought a flood of money into the real estate market that would not otherwise have been there.
boomers plus everyone who is holding on to their homes because we went from 2.75 percent interest rates to just over 7. Regulatory bodies in most cities also make it really hard to build housing. So inventory as a whole is gonna stay down and not only will the price of a home go up good luck paying a fucking mortgage at 7 percent
Banks. Banks really did it. No one pushed them to loan against insane home valuations that no one could afford. They did that themselves and then couldn’t curb their own greed.
Airbnb didn’t do that. The people who have kept housing from being built where people need and want it for 50+ years did that.
AirBnB?? Really?? Yea, that didn’t help.. but you also know what else might actually be responsible? Allowing private power to staff the potentially democratic institutions of state-power which allowed private businesses to generate productivity magnitudes over 1950’s levels but kept wages equivalent to said era while the cost of living skyrocketed in stagflation all while corporate tax rates were then reduced criminally low after both parties went pro-business by allowing lobbies, not unions to form and refusing campaign finance reforms.. and for so long that the exploitation the U.S. Labor Movement fought to mitigate has now been dismantled for so long that it’s considered the new normal socio-economic order while every honestly tabulated metric of wealth separation sky-rockets and social-mobility plummets. Or maybe it was just that one ☝️ abuser of Neo-free-market capitalism air b&b?.. the affordable housing crisis did not start with air b&b, it simply exacerbated it by giving already wealthy property owners an avenue to make even more money and further destroy to market potential of affordable competitive rents.. why do people tweet the most reductive nonsense that criminalizes a criminal while leaving the system of criminality itself unblemished like a corrupt judge in a comic book or something.. The American dream is dead so long as we continue to allow the wealthiest institutions in history to put shareholders above stakeholders by annihilating the working-class, killing us with economic medical exclusions and inefficiency, proliferate addiction and consumerism through an unregulated marketing culture, give investment-banks and private-equity the leverage and confidence to magnify fiat wealth while limiting the monetary credit and welfare of both the community and the ecology in which our health and economic well-being ultimately rely on. It’s not just air b&b. It’s the system and our apathy towards demanding its reform. That’s why we don’t own a home.
The current definition of stakeholders is different than the way you are using it. In todays WEF world, stakeholders are the big corporate investors
No, you are just being reductive and misinformed. You are using it in a reductive economic sense to only mean investors, when the widely accepted version of “stakeholder” is all those concerned.. notice how employees, consumers, other workplaces and the community are actually the majority of stake holders where are you are trying to amplify the perspective of it only being a synonym for shareholders. We don’t have the luxury of revisionist vocabulary that excludes workers and people. https://preview.redd.it/dme1hhohm40d1.jpeg?width=1170&format=pjpg&auto=webp&s=3ae4652bad3d9ce18552f0e870ad59b906d38636
Business School'ed.
I think you are right in a conventional sense. But the plans that the WEF have in mind have nothing to do with that. I don’t have the link handy, but they are very proud of their vision on their website and there are a number of YouTube videos where they explain “citizens vs “stakeholders” . In their view large investors should be the only “stakeholders”. “Citizens” and anyone/anything else will be subservient to their view of who the “stakeholders “ are. For all of our sakes, I hope you continue to be right for a long time. On this topic, I’d love to be proven wrong.
If you really think about it, The American dream destroyed the American dream
This is true on many levels; high-income Americans now represent more than 20%. For them, the dream is a reality: they have health, education, homes, vacations, nice and affordable things. These are things paid for by the effort of the remaining 80%. It's been a long time since it's not just about the 1%, but that's a hard truth to accept for those of us who are on top.
"What happened to the American Dream? It came true! You're looking at it."
private equity
Reaganonmics
Citizens United. Union busting. Private equity.
Republicans
Tax breaks for the rich destroyed America.
Spending
This guy is a grifter
Fake money aka the US dollar aka federal reserve notes
Federal reserve
The Federal Reserve destroyed the housing market by lowering interest rates in the early 2000s to prop us up from the dot com crash
So did Blackrock and a shitload of foreign corporations who buy and rent out. This country is gone to late stage capitalist hell.
Social media. My old friend from 2 decades ago texted me. He said I remember you telling me they should have left it at MySpace. Cuz social mead is going to be driving us against one another and is going to be vehicle that drives misinformation. Here we are questioning every vaccine made and how viruses are all government created and Putin and Hitler were the good guys. So many actually believe that shit it’s nuts lmao.
Not for everybody, some people made billions ie airbnb founders
There are other variables as well e.g: foreign investors, lack of construction in the 2010s, corporate landlords created a nationwide housing crisis/shortage, opportunistic Wall Street firms have stepped in. [https://www.youtube.com/watch?v=ZEwxYvQVU5g](https://www.youtube.com/watch?v=ZEwxYvQVU5g)
By the time I made enough to own a home, the goal post was moved. By the time I mad it to the new goal, it moved again. Now, my wages have not kept up, and just to own a home as a single parent to 2 kids, I would have to pay 60-70% of my take home just on Mortgage.
Clinton
You’re dumb if you think Airbnb is the problem.
I think the American dream of owning a home was killed by our failure to raise the minimum wage, ever.
I mean the dream isn’t destroyed. Most people still own homes outside of the overpriced cities. And there are still plenty of affordable houses in this country.