imagine not having to pay an entire minimum wage monthly to bankers (at the bare minimum) just to have a roof over your head.
this post was submitted on 09 Jan 2026
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In two years I've paid $104,000 to my mortgage!
...why is it only $17,000 lower...
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I'm paying 3x my states monthly minimum wage for hourly workers to own in a fairly modest 1100 sqft house in a semi walkable area in a major city.
Before here I used to pay my states monthly minimum wage for hourly workers to live in a fucking slum just outside the city. House was by an interstate so I got soot on anything I left outside, all the houses in the neighborhood were water damaged and molded to hell, the roads were so cracked it was fucking up cars, and everyone who lived there seemed miserable.
It's grind or die, I got so fucking sick living in alleged affordable housing. Nerve damage and all kinds of weird chronic health problems from living in such a toxic death trap for years. They don't call it the Dirty South for nothing, this place is completely fucked.
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Renting is when your landlord makes you pay an extra 25 dollars a month because you yelled at him one time over leaving cat shit in the shared bathroom all day
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'Doesn't count because the government can take it away whenever they want...'
https://en.wikipedia.org/wiki/Eminent_domain_in_the_United_States
Doesn't China have an issue with 65 million of their homes sitting empty which belong to people with no intention to ever move in?
It's my understanding that owning a home in China is seen as social leverage so people buy homes that don't even benefit their lives.
This isn't too be a pessimist, I do think China's rising middle class is much better off than it has ever been. I just don't idealize their housing.
There was a problem with using housing as an investment vehicle, yes, though the state took action against that, destroying the "market" for balooning housing prices.
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