It is impossible to defend democratic rights or any of the social interests of working people without seizing the unearned wealth of the billionaire parasites.
The billionaire fortunes pale in comparison to the trillions of dollars of unearned appreciation owned by regular home owners.
It’s the unearned part that matters most, at least capital investment has some benefit to the economy. Real estate appreciation adds literally zero value to the economy.
By Purchasing up and holding the supply empty, artificially creating the housing crisis by lobbying against affordable housing construction and exploiting the rent economy of our cities. The rich are outcompeting us for resources.
Bollocks, billionaire propaganda. Less that 3,000 people collectively control more than 90% of the World’s wealth. It doesn’t pale in comparison to anything. You’re just a bootlicker, or contrarian, makes no difference. You’re still wrong.
What am I wrong about? You think the equity held by private honeowners is worth more than an infinite line of credit from JP Morgan and Chase Bank? You’re a moron.
The billionaire fortunes pale in comparison to the trillions of dollars of unearned appreciation owned by regular home owners.
It’s the unearned part that matters most, at least capital investment has some benefit to the economy. Real estate appreciation adds literally zero value to the economy.
Yes, let’s be mad at each other instead of the people creating the extractive markets
By Purchasing up and holding the supply empty, artificially creating the housing crisis by lobbying against affordable housing construction and exploiting the rent economy of our cities. The rich are outcompeting us for resources.
What do regular home owners have to do with it? Most regular home owners only own one home.
No one mentioned regular home owners. Why are you making devisive comments not related to any point that were made?
Yes they did.
You’ll notice it wasn’t me though, so why am I being asked what somebody I’m actively disagreeing with means by “regular homeowners”?
Bollocks, billionaire propaganda. Less that 3,000 people collectively control more than 90% of the World’s wealth. It doesn’t pale in comparison to anything. You’re just a bootlicker, or contrarian, makes no difference. You’re still wrong.
Reading comprehension is not your strong suit. Practice more.
What am I wrong about? You think the equity held by private honeowners is worth more than an infinite line of credit from JP Morgan and Chase Bank? You’re a moron.
What the actual fuck are you talking about?
I’ve made a million dollars in appreciation on my home in the last 15 years.
Are you telling me just because I own one home, that I’m not part of the problem?
Correct. I’m telling you that individuals owning a single home aren’t part of the problem.
Individuals voting to keep the value of their home from dropping down to reasonable levels ARE the problem. That’s almost all home owners.