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> Seems to me that, if current trends continue, home ownership will basically become extinct; everyone will become renters. Yes, this seems to be the trend. I
by tristor 5y ago
> Seems to me that, if current trends continue, home ownership will basically become extinct; everyone will become renters.
Yes, this seems to be the trend. In fact, it's not just home ownership that is now more commonly being rented, even the cloths on people's backs is up for rent. Between the rent-seeking behavior happening globally and the gig economy, it's hard to feel optimistic about the future. There's of course that famous prediction from the World Economic Forum: https://www.independent.co.uk/money/why-you-ll-own-nothing-by-2030-a7582111.html https://www.independent.co.uk/money/why-you-ll-own-nothing-b...
- diob 5y agoAgreed. The future for the masses is "freedom" to be a wage slave to whatever corporation provides a "job". It's weird how dystopian fiction seemed outlandish to me around 10 years ago, but now seems pretty on target. I'd love to be proven wrong, but as you say, the rent-seeking is too damn high. I live in the US at the moment, but definitely looking to leave to somewhere with an actual social safety net / infrastructure. Nowhere is perfect, but damn if the USA isn't moving backwards. I imagine the top plan to just hide in their fortresses / go overseas if it goes to hell (as the dystopian fiction tried to foretell).
- mellavora 5y agoNo need to imagine this, read up on New Zealand.