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It will change when people want it to change, just like workers' rights did over the last century. If you don't want to pay a million quid for a house in Londo

It will change when people want it to change, just like workers' rights did over the last century. If you don't want to pay a million quid for a house in London, refuse the game. Move elsewhere. Find a different way to get by in life, perhaps even a different country. People won't do that, though. It's more likely, IMO, that the entire world becomes more feudalist again until there are few escape hatches. But it'll ultimately be because people keep buying in. As long as people, en masse, continue to max bid housing (whether for rent or to buy) this situation will continue.

jedberg 5y ago
Workers' rights and housing are very different. It's a lot easier to move jobs than to move house. It's also a lot easier to create jobs than to create housing.
- throwaway55421 5y ago
  Workers rights were not generally gained by moving jobs, it was unionization and protest. Moving house doesn't change the market unless everyone else does it, and even then, the major benefit would come from something like large numbers of people agreeing not to max bid (i'm not suggesting that such a thing would be realistic, but it's an example of unionization)
chuckee 5y ago
> If you don't want to pay a million quid for a house in London, refuse the game. Move elsewhere. Find a different way to get by in life, perhaps even a different country. People did exactly what you suggest. And the country they moved to was England, and the city, London, which now has 38% non-UK born residents: https://www.ons.gov.uk/peoplepopulationandcommunity/populationandmigration/internationalmigration/bulletins/ukpopulationbycountryofbirthandnationality/2017#london-has-the-highest-proportion-of-non-uk-born-and-non-british-nationals https://www.ons.gov.uk/peoplepopulationandcommunity/populati...
- throwaway55421 5y ago
  Yep. I live there and it's great. Love the transport links. If I were mentally handicapped and stuck working in a supermarket earning a tenner an hour I'd have long since flipped the table, though - playing when the deck is stacked against you makes no sense. In the 1960s we had a system that allowed the majority to live in reasonable conditions. Nowadays it's get rich or die trying and no-one seems to really see a problem with this.
- lostmsu 5y ago
  Million quid homes sound cheap in comparison to SF. Maybe we should move to London
  - robotresearcher 5y ago
    Take a look at the salaries before you do. Engineers may be disappointed compared to the Bay Area.
  - digianarchist 5y ago
    It's easier to buy a $1.5 million home in the Bay Area when you earn $300k than a £1 million home on £80k.
- acchow 5y ago
  People moved to London in search for cheaper housing?

jedberg 5y ago

Workers' rights and housing are very different. It's a lot easier to move jobs than to move house. It's also a lot easier to create jobs than to create housing.

throwaway55421 5y ago
Workers rights were not generally gained by moving jobs, it was unionization and protest. Moving house doesn't change the market unless everyone else does it, and even then, the major benefit would come from something like large numbers of people agreeing not to max bid (i'm not suggesting that such a thing would be realistic, but it's an example of unionization)

chuckee 5y ago

> If you don't want to pay a million quid for a house in London, refuse the game. Move elsewhere. Find a different way to get by in life, perhaps even a different country. People did exactly what you suggest. And the country they moved to was England, and the city, London, which now has 38% non-UK born residents: https://www.ons.gov.uk/peoplepopulationandcommunity/populationandmigration/internationalmigration/bulletins/ukpopulationbycountryofbirthandnationality/2017#london-has-the-highest-proportion-of-non-uk-born-and-non-british-nationals https://www.ons.gov.uk/peoplepopulationandcommunity/populati...

throwaway55421 5y ago
Yep. I live there and it's great. Love the transport links. If I were mentally handicapped and stuck working in a supermarket earning a tenner an hour I'd have long since flipped the table, though - playing when the deck is stacked against you makes no sense. In the 1960s we had a system that allowed the majority to live in reasonable conditions. Nowadays it's get rich or die trying and no-one seems to really see a problem with this.
lostmsu 5y ago
Million quid homes sound cheap in comparison to SF. Maybe we should move to London
- robotresearcher 5y ago
  Take a look at the salaries before you do. Engineers may be disappointed compared to the Bay Area.
- digianarchist 5y ago
  It's easier to buy a $1.5 million home in the Bay Area when you earn $300k than a £1 million home on £80k.
acchow 5y ago
People moved to London in search for cheaper housing?