• Dagwood222@lemm.ee
    link
    fedilink
    arrow-up
    1
    ·
    1 year ago

    Look up ‘Hell’s Angels’ by Hunter Thompson. He has a chapter on the economics of being a biker/hippie/artist in the early 1970s.

    A biker could work six months as a Union stevedore and save up enough to spend two years on the road. A part time waitress could support herself and her musician boyfriend.

  • pinkdrunkenelephants@sopuli.xyz
    link
    fedilink
    arrow-up
    0
    ·
    1 year ago

    The issue here is buying power is dramatically dropping which is a function of both wages and prices. Raising the minimum wage alone won’t fix that; instead, price controls will have to be implemented such that all housing is bought back down to prices that are satisfactory to consumers. That can’t happen without federal legislation.

    • SCB@lemmy.world
      link
      fedilink
      arrow-up
      0
      ·
      1 year ago

      Rent control is absolutely not the solution. Building more is the solution.

      • Meldroc@lemmy.world
        link
        fedilink
        arrow-up
        0
        ·
        1 year ago

        How about regulating all the big companies - prohibit sitting on apartments to drive up rents, limit Airbnbs,that sort of thing.

    • SCB@lemmy.world
      link
      fedilink
      arrow-up
      0
      ·
      1 year ago

      Gentrification is a good thing and being anti-gentrification is being pro-ghetto.

        • SCB@lemmy.world
          link
          fedilink
          arrow-up
          0
          ·
          edit-2
          1 year ago

          What does this even mean?

          Gentrifying a place is investment of capital into formerly-poor areas in cities, and formerly-poor areas in cities were poor because they were ghettos, generally as a result of redlining, white flight, or both.

          We should be gentrifying every inner city, subsidizing current-occupant rent as it climbs, and lifting people out of the ghettos we built.

            • SCB@lemmy.world
              link
              fedilink
              arrow-up
              0
              ·
              edit-2
              1 year ago

              No I think when you shove a bunch of “undesirables” into an area by literally not letting them get loans or see houses outside of that area, you create ghettos.

              You may wanna give “redlining” a Google, and then search up the history of places you want to “protect” from gentrification. You’ll find the two are nearly always connected.

              We owe it to the people who live there to financially apologize for the atrocities we committed upon them and their families in the past.