906
Turns out all that happened was the rich benefitted and the poor suffered. Who'da thought?
(media.kbin.social)
this post was submitted on 28 Jul 2023
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Capital wants to build more in Cali. Residents don't.
Capital is right, again.
Any time capital is "right" from the point of view of human well-being, it is a coincidence. Our needs are secondary and only important to the degree that they affect capital. Capital will never provide adequate housing on its own because it depends on the realistic threat of homelessness to exploit the working class and extract vastly more value could be obtained without coercion.
Capital would provide adequate housing right now but zoning laws prevent it
Some capital does. Some capital opposes building in Cali. I mean, it’d (rightfully) destroy the value of a lot of beautiful homes used in part as investment vehicles. Otherwise, why would anyone be concerned with property values?
Am i crazy or is real estate an asset but not generally considered capital colloquially?
I get your take, that people use homes a investments, strongly oppose the icept that homes should appreciate in value
Depends on who you’re talking to, I think. I don’t know that there’s a colloquial consensus.