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Right, financing is the word we’re looking for. We give people credit cards, college loans, car loans, home loans, your phone is a loan, etc. Everything is fina

Right, financing is the word we’re looking for. We give people credit cards, college loans, car loans, home loans, your phone is a loan, etc. Everything is financed so people don’t really save up to outright purchase something. It brings us to a fundamental question, and that is, how many years should it really take for someone to buy anything with straight cash. For homes the market believes 15-30 years. For college, it believes something like 2 years to the day you die lol. Dare I say the people that actually own this stuff before everyone else may believe you should never be able to afford it. That you will buy any number of these things and keep paying until the day you die. Life-as-a-service. If we ever answer the question of ‘how many years of income’, we’ll have no choice but to come to the conclusion that sellers are operating in the realm of cruelty. That one can charge 30 years of your income and frugality for what they are selling. It’s unreasonable to ask for such a thing, so instead we don’t speak about it and hide the disgusting asking price behind financing.

ajsnigrutin 5y ago
> If we ever answer the question of ‘how many years of income’, we’ll have no choice but to come to the conclusion that sellers are operating in the realm of cruelty. That one can charge 30 years of your income and frugality for what they are selling. It’s unreasonable to ask for such a thing, so instead we don’t speak about it and hide the disgusting asking price behind financing. This is true, when other regulations prevent people from creating more of the goods. Yes, a seller can sell a box of pasta for $100k... but who will buy it, if you can make your own pasta for cheap, and even sell it to people who want to buy it, but don't want to pay the first sellers house. In my city, the housing prices are fscking high and rising, but we have literal cornfields and cows in places that are technically the middle of the city. We have right governments, who don't do anything about housing, we have left governments, saying they'll rais the rent taxes (so making rents higher) and build government apartment buildings (=too expensive) for people (=their friends), but noone stops to look at the satellite map and say "hmm.. we could build here, and there, and there...". Look at San francico for example... there is a huge need for housing, but most of the houses are single family houses... there's no way to pack so many people there in such houses - you need to build huge apartments buildings, but regulation does not allow that, and housing is expensive.

ajsnigrutin 5y ago

> If we ever answer the question of ‘how many years of income’, we’ll have no choice but to come to the conclusion that sellers are operating in the realm of cruelty. That one can charge 30 years of your income and frugality for what they are selling. It’s unreasonable to ask for such a thing, so instead we don’t speak about it and hide the disgusting asking price behind financing. This is true, when other regulations prevent people from creating more of the goods. Yes, a seller can sell a box of pasta for $100k... but who will buy it, if you can make your own pasta for cheap, and even sell it to people who want to buy it, but don't want to pay the first sellers house. In my city, the housing prices are fscking high and rising, but we have literal cornfields and cows in places that are technically the middle of the city. We have right governments, who don't do anything about housing, we have left governments, saying they'll rais the rent taxes (so making rents higher) and build government apartment buildings (=too expensive) for people (=their friends), but noone stops to look at the satellite map and say "hmm.. we could build here, and there, and there...". Look at San francico for example... there is a huge need for housing, but most of the houses are single family houses... there's no way to pack so many people there in such houses - you need to build huge apartments buildings, but regulation does not allow that, and housing is expensive.