4 ms·
> Right now, millions of people are working hard every day to make a relatively small number of landlords richer and richer. It's unsustainable, and I think som
by nugget 10y ago
> Right now, millions of people are working hard every day to make a relatively small number of landlords richer and richer. It's unsustainable, and I think some major societal change is coming.
It may be even worse than this scenario, which sort of assumes no/minimum mortgage debt on the property. Imagine a world where the masses toil simply to meet minimum debt service on price-inflated, highly mortgaged housing. You're treading water just to stay alive.