this post was submitted on 26 Jun 2024
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Also "parasite". (lemmy.world)
submitted 4 months ago by BonesOfTheMoon@lemmy.world to c/memes@lemmy.ml
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[–] chonglibloodsport@lemmy.world 3 points 4 months ago* (last edited 4 months ago) (2 children)

There are millions of people in the U.S. whose wealth comes from the increase in the property value of their family home. This is unearned wealth.

Of course, you’ll have a hard time convincing most people of that last bit. Which is why billionaires are the more popular enemy rather than the middle class.

[–] Asafum@feddit.nl 3 points 4 months ago

And I fucking hate it. It just incentivizes not allowing more housing for those that need it because MuH PrOpErTy VaLuE!!

Fucking greed everywhere...

[–] explodicle@sh.itjust.works 1 points 4 months ago (1 children)

What if you just save money for retirement, not property?

[–] chonglibloodsport@lemmy.world -1 points 4 months ago* (last edited 4 months ago) (1 children)

You mean by investing the stock market? Or literal cash under the mattress?

[–] explodicle@sh.itjust.works 1 points 4 months ago (1 children)

Literal cash under mattress

[–] chonglibloodsport@lemmy.world 1 points 4 months ago

Why not do that? Because of inflation, you lose money doing that. It’s the last resort of someone who has no other options for saving their money, such as low level drug dealers.