Oh no, the absolute horror. Homeowners will end up having actually spent money to have somewhere to live instead of making more money just by virtue of owning a home.
Plenty of people are already living that reality, it's called renting.
Plenty of people are already living that reality, it's called renting.
Just by living in the US and participating in our modern society here I am myself in a similar situation, and I'm not exactly a political activist dedicating my life to changing the status quo, but if and when the people we're exploiting to fund our current lifestyle start fighting for a better life I'm not gonna be telling them that they need to stop and think about the effect their demands would have on our lives.
Maybe, but you are absolutely right, that “snark” is merely a thing out of frustration from people who can not buy houses, while home owners from previous generations have the audacity to lectures the new generation about their “attitude”, attitude will be the least thing to worry about in the near future from these angry young people who can not even afford rent.
I've been renting for the last 10 years, the house I'm in now is estimated to be worth $300,000. My rent payment is 2500.
2500 x 10 x 12 = coincidentally, $300,000 exactly, that I'll never see again.
So someone who owns an equivalent home for the same amount of time, if it were to suddenly have the value plummet to $0, would still come out ahead of me because they'd only be losing the equity they've put into their home. And that's still not a fair comparison, because there's almost no way it'd become utterly worthless, so they'd still be left with something to show for it even if it loses a significant percentage of its value.
Housing is a basic human need for survival, to be 100% honest I don't feel that bad that the people that have been willfully participating in a system that only works by screwing other people over may lose some money when the people getting screwed over have had enough and try to change things.