this post was submitted on 10 May 2024
1152 points (93.6% liked)
Political Memes
5487 readers
3045 users here now
Welcome to politcal memes!
These are our rules:
Be civil
Jokes are okay, but don’t intentionally harass or disturb any member of our community. Sexism, racism and bigotry are not allowed. Good faith argumentation only. No posts discouraging people to vote or shaming people for voting.
No misinformation
Don’t post any intentional misinformation. When asked by mods, provide sources for any claims you make.
Posts should be memes
Random pictures do not qualify as memes. Relevance to politics is required.
No bots, spam or self-promotion
Follow instance rules, ask for your bot to be allowed on this community.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
if you want affordable housing we need to de-commodify it and get the investors out. no more airbnb, no more one investor group owning 10s of thousands of single family homes. Dumping regular people's money into this system, even if we give them a bunch extra, is only gonna drive prices even further up. The necessities of living are not speculation opportunities for the ultra rich.
This is the correct answer. If minimum wages go up, the price of everything you buy with those wages increases as well, including housing. There's artificial scarcity in housing right now because of investment firms and property management firms.
wages drive inflation but it's not 1:1 and it does tend to benefit low earners.