Housing prices == rents and vice versa. If housing prices collapse so will rents, because they are the same thing. As long as someone or something is able to purchase at an ever increasing price, housing costs will continue to rise.
this is all correct. US homeowners bear more blame than corporate investors for the current environment. my point is that, given that housing prices == rents and people need housing to be able to live and work, anyone who doesn’t already own their primary residence (presumably with a locked in 3% interest rate forever) is going to be priced out of being alive before prices could theoretically get high enough to destabilize profitability.
I probably used the wrong term when I said “artificial scarcity”. I know more housing exists than people. what’s kept artificially scarce is housing that is sold/rented for prices that can be afforded by most people on the wages paid by most jobs. Bourgeois economists describe this as a problem of “overconsumption” as though minimum wage workers have the option of “reducing their consumption” of things like housing or medical care below the minimum required to be able to continue working.
SFH should be for the most part destroyed for climate reasons when Socialism comes
This is all cool and big brained theory crafting and what not but I currently live in a 150 square foot shack and just want to I think more and more people are going to start thinking like this and it is our duty as communists to guide them to the correct conclusions.
Oh, believe me, my urge to increases as the impeding size of my shack decreases. As an ML I know the extremely limited systemic utility of individual , but it’s tough to see a better solution when the people around me in real life are maybe 60% , 39% , and 1%
this is all correct. US homeowners bear more blame than corporate investors for the current environment. my point is that, given that housing prices == rents and people need housing to be able to live and work, anyone who doesn’t already own their primary residence (presumably with a locked in 3% interest rate forever) is going to be priced out of being alive before prices could theoretically get high enough to destabilize profitability.
I probably used the wrong term when I said “artificial scarcity”. I know more housing exists than people. what’s kept artificially scarce is housing that is sold/rented for prices that can be afforded by most people on the wages paid by most jobs. Bourgeois economists describe this as a problem of “overconsumption” as though minimum wage workers have the option of “reducing their consumption” of things like housing or medical care below the minimum required to be able to continue working.
agreed
This is all cool and big brained theory crafting and what not but I currently live in a 150 square foot shack and just want to
I think more and more people are going to start thinking like this and it is our duty as communists to guide them to the correct conclusions. 
Oh, believe me, my urge to
increases as the impeding size of my shack decreases. As an ML I know the extremely limited systemic utility of individual 
, but it’s tough to see a better solution when the people around me in real life are maybe 60% 
, 39% 
, and 1% 
one luigi is adventurism. A thousand luigis is a revolution