A Boring Dystopia

9721 readers

1405 users here now

Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.

Rules (Subject to Change)

--Be a Decent Human Being

--Posting news articles: include the source name and exact title from article in your post title

--Posts must have something to do with the topic

--Zero tolerance for Racism/Sexism/Ableism/etc.

--No NSFW content

--Abide by the rules of lemmy.world

founded 1 year ago

MODERATORS

[email protected]

190

$1 million starter home? It's the norm in 237 cities, according to Zillow (abc7.com)

submitted 3 months ago by [email protected] to c/[email protected]

39 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 4 points 3 months ago* (last edited 3 months ago) (1 children)

Kill the billionaires who horde homes.

It isn't the billionaires, it is the funds the billionaires and multimillionaires invest in. I have seen these funds buy under-privileged neighborhoods almost in their entirety in less than a year. They replace the cabinets with builder grade stuff they buy in bulk, same with the carpet, a few.light fixtures and a coat of paint (maybe $5k investment) and they rent them out to working families. A neighborhood goes from ghetto to starter within two years, but rents go from ~$800 to ~$2200 as well. Also, those homes will never be within reach for anyone looking to purchase.

[–] [email protected] 5 points 3 months ago

Well, of billionaires who invested in these funds found themselves with fewer fingers, they might reconsider their investments.