We just found out that Black Rock owns something like sixty buildings in San Diego County. They've been buying affordable housing units and raising rent by 60 percent over 2 years.
The news reporter went out of their way to tell everyone that this isn't illegal.
But yeah. It's the homeless people who are at fault...
This sucks, I really like their food but I’ve been hearing so much bad shit about them lately.
This is the wall street investing company, not a restaurant.
There's a "yes but" in here. Not saying the wealth accumulation we've seen lately is good, it's absurd and horrible on multiple levels. But a comparison with the Gilded Age is going to be apples-to-oranges and it's not nearly as bad. The difference is the modern government uses far more transfer payments. That increases the income of lower income households, even if wealth is more disparate. The rich also tend to tie most income up in investments, while the poor spend their income more quickly.
The upshot is that if you compare wealth alone, the wealth difference can be deceptively large. Many poor people have a negative net worth. For that matter, many high income people have a negative net worth, like a newly graduated doctor with student loans. It is instructive to look at the wealth gap, the income gap, and income plus transfer payments.
The rich also tend to tie most income up in investments, while the poor spend their income more quickly.
I'm not sure that's a good thing lol
It's not, but it's something that should be accounted for when analyzing statistics.
Those Capitalist of the Gilded Age were fucking amateurs compared to the billionaires of the modern day, where propaganda has been distilled down to a science, and is being force fed to everyone every day at every angle.
They wish they had the tools we're unraveling society with today.
Is 'desperately' meant to be 'disparity'?
I totally read that as disparity haha. It's almost certainly supposed to say that.
Yeah, it looks like it. Kind of ruins the message.
Obviously they meant disparately.
That really clears things up, thank you!
You would think so, while on the other hand...
Disparity*
I lived in an RV with solar panels, electrical outlets, hot shower, full kitchen, separate dining room, living room, kitchen area, bathroom and bedroom, and it was the best thing ever, going from national park to landmark every few weeks or couple months and my girlfriend at the time(so long!) eventually broke down and told me she didn't like it because she wanted to live in a "normal" house and pay rent "like everyone else" as if conforming to a popular, desperate living situation was a good reason to give up basically free utilities, saving about 90% of your income and the freedom to live anywhere as long or as short as we liked.
enjoyable, easy way to fight the power.
I admire anyone who can commit to that lifestyle, but it's not for everyone. Some people are born with wanderlust and others just want to put roots down somewhere they can call their own.
I don't think it was so much her desire to confirm to some capitalist expectation of paying an enormous sum just to live in one place on the grid (because honestly nobody wants that), but a desire for stability and space to spread out, which are often in short supply when you live the camper/van/bus lifestyle.
sure, nothing is for everyone.
in her specific case, I think the capitalist brainwashing had taken hold pretty strongly.
she literally said " I want to work in an office. I like offices."
as for wanderlust, a lot of these rv people just live in one perfect place the entire time they have the RV.
I understand why from the outside it would seem like stability is "in short supply" in an RV, but in practice, having the financial Independence and ability to move to and live wherever you want as long as you want is the epitome of home-owning stability.
as for space to spread out? with the savings, you can buy an acre a month of your own land and plop your RV on it or build your own cabin if you want to.
living in an RV gives you way more options than traditional rental scenarios.
Sounds neat, but financial savings isn't what makes life good.
I think a lot of people are not fit for that lifestyle because they want to see family more frequently. In general, people don't move very far from their birth place.
Anyway if I were single and childless, I'd probably be a nomad too. Not just to save money, but to see more of what the world has to offer in the limited time that I'm here.
Perhaps something similar is possible with tiny homes or just an apartment when the kids move out.
tldr: it's the versatility of RVs that is so beneficial, rather than strictly the immediate financial independence.
The immediate financial Independence is nice, but the good part about RV life is that you can make it into whatever you want.
it is a tiny home you can keep in the same spot for a week or a year. you don't have to leave your family unless you want to.
the nomad style that you're talking about is accomplished right away, of course.
if you want a non-mobile hone, you live in the rv for 6 months to a yeat and you've saved a down payment, rv a year and a half and you have the first several months of mortgage and whatever repairs you're inevitably going to make right after you move in that you didn't notice.
and it's good practice for owning a larger nom-mobile home, cuz you'll get used to fixing things like the plumbing or mechanical or electrical issues, all on a smaller scale than fixing the same issue in a house.
you can find out what you're comfortable with fixing yourself or not all while saving money.
I met a lot of RV families and it seemed a pretty comfortable lifestyle for families as well.
It's like everything about rv life seems impossible or at least a major hurdle until they have the RV, and then 2 weeks into it, everyone's like oh, this is way better than struggling and they can parlay the RV experience into whatever lifestyle they want to.
i know one guy who lives on a houseboat now, one family with a kid who's digging the nomad thing, several who bought houses, a lady that only lives in national parks, several people in the free desert communities that are real communities, there's just so much you can do with it.
dang, I might be talking myself into going back to that haha
great idea.. too bad RV's are not designed for long term full-time usage, and the repairs become substantial, and parts can take a month+ to come in. in the meantime you need to find a place to stay where you end up.
I think repairs seem daunting until you actually start making repairs and realize how simple they are.
i had an old winny and the repairs are basically unscrew this piece, screw in new piece.
everyone else with an RV seemed to be able to do the same part swaps just as easy.
If you want someone else to do it, that's fine, but unless you're doing a tire rotation or replacing an engine, common repairs don't present any real hurdle if you have a screwdriver and a wrench.
youtube and forums had step by step instructions for anything I ever had to fix (fridge, 2 fuel pumps, cleaning carb once...that might be it).
under a hundred bucks in repairs over a couple years vs. no rent and saving almost all of whatever income you have adds up to savings pretty quick.
everyone in the RV communities is helpful too and are hapoy to troubleshoot with you and tell you exactly how to do anything with whatever model you have.
or just shoot rhe shit and recommend the next cool spot, haha
Mmmm now I want to travel the country in an RV
i cannot recommend it enough. prices are very clearly delineated by suburbia and state, so you can buy a cheap one outside of the city or in an adjoining state for thousands less with lower mileage.
all the YouTube channels have every tip and practical advice you need before starting a journey, and they're fun and educational to watch, you can really get a sense of the lifestyle from a few videos, although everybody kind of does it in their own way.
Cool story bro.
thanks, it was a cool time.
We’ve surpassed the guilded age… yikes
