this post was submitted on 08 May 2024
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Corporations don't have a share. Corporations have shares. Shareholders own those shares.
That being said, the single biggest drain on most advanced countries lately has been real estate. The value of which has been increasing far more rapidly than corporate profits.
It's land owners who've been taking too much for the last few decades, as was predicted would eventually happen in the late 1700s and early 1800s by early economists. It happened in Japan 30 years ago, and look where they are today. Tiny homes, overworked, declining population...
I think our housing markets biggest problem is twofold outdated zoning laws that only allow for single-family homes to be built and carcentric infrastructure that requires huge roads and parking spaces that require enormous amounts of public funds to maintain.
I think our housing Market's biggest problem is that fucking rent is $2,000 a month... I don't give a fuck about car Centric infrastructure or single family homes.. I can't pay $2,000 a month for rent. that's the housing markets problem.
God I wish I could find just $2k a month rent. That's what I'm being forced to give up. Everything I'm seeing is 50-100% more.
The reasons I listed I believe are a big reason that it is so expensive. You can't find a solution without first correctly identifying the problem.