OK? I'm not sure what this has to do with anything, but do your thing man.
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Replying to @saucissonsec @spaghetti and
i am really not sure what much of what you have been saying has to do with anything tbqh. working class people get wealth and income from labour, not investments. property class gets it from property. persons hang between one or another of the two extremes.
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Replying to @pthagnar @spaghetti and
My position has only ever been this: the cosplay communists consistently talk out of both sides of their mouths. With one side they say "working class and single-income families used to be able to own a home" and then say "there's no way working class people can own $1M homes!"
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Replying to @saucissonsec @pthagnar and
The answer to the second is the answer to the first: they bought them when working-class and single-income families *could* own homes, and those homes increased in value through sheer luck in some cases. *Now* they're unaffordable to working class folks; they weren't *then*.
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Replying to @saucissonsec @pthagnar and
So people who paid a normal amount for a house are now paper millionaires, but as I'm sure you're aware because you're a smart person, you can't spend home equity at the grocery store or mechanic -- you still have to pay the cash you have in the bank, which is your pension or SS.
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Replying to @saucissonsec @spaghetti and
joining the middle class is a weird experience for sure
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Replying to @pthagnar @saucissonsec and
and def too much for some people to handle
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Replying to @380kmh @saucissonsec and
i will take ur home equity off your calloused horny hands out of the goodness of my heart. please sign this document
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Replying to @pthagnar @saucissonsec and
it's like winning the lottery. obviously more than some ppl can handle, even ruinous, but it's still a bad look for someone who wins it to complain about that fact
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So a person who is on a fixed income should do what, then? What is your recommendation? Sell their home to a property developer for $1M and leave, so the developer can sell it for 3x?
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My advice is stay if you wanna stay, leave if you wanna leave. Could also choose to develop the property further, to rent it out to people, plenty of choices which I'd much rather have than remain stuck in the rental market, that's all
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