this post was submitted on 24 Aug 2023
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Asklemmy
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Someone paying $800 a month for their rent is gonna have paid $470,400 by the time they retire. That's like two fucking mortgages for the "service" of not being homeless.
It's just restructured feudalism at this point. We've abstracted away the direct relationship between landlord and serf, but over half our labor is still going to some third party doing none of the work.
If you like your feudal lord, you can keep them!
If you don't like your feudal lord, you also keep them!
The Maoist uprising against the landlords was the largest and most successful proletarian revolution resulting in almost perfect redistribution of land.
Fun fact, the benefits persist to this day. Nearly 90% of people in China own their home http://usa.chinadaily.com.cn/business/2012-05/15/content_15295765.htm