The answer is for future generations to stop having kids. Fewer consumers for billionaires to leech off of and turn into corporate slaves. More houses to go around once older generations die off. Less competition. Corporations will probably raise prices like crazy and turn people into super-consumers and of course some people will still have kids and we all saw idiocracy.
In capitalism, there is no going back. You have to beat least year’s profits no matter what.
There is plenty of housing currently in Western countries, it’s just not being made available to those in need. That won’t change with lower birthrate, it will stay not available to them. It can only change with system change where no one can hoard insane billion amounts of $ € ¥ numbers on their screen or have thousands of homes as their belongings.
Definitely a lot of corporations turning homes to rentals but if there are fewer people to rent those houses, it’s not as lucrative an investment and with a surplus of homes, there’s more opportunity for people to buy them. I get what you’re saying tho. They have all the power to turn any situation in their favor.
In some situations they’ll rather have empty houses than rent it out to the poorest people for lower prices. Or actively destroy (“upgrade”) affordable housing to keep prices of the rest up. And if the prices do really go down a lot it’s still poors with mortgages but suddenly no more enough income selling their places for bargain prices to the ultra rich for whom even in a real estate crisis with crashed prices it’s all still just a game situation, not a food on the table one. They use it to gobble up even more.
The answer is for future generations to stop having kids. Fewer consumers for billionaires to leech off of and turn into corporate slaves. More houses to go around once older generations die off. Less competition. Corporations will probably raise prices like crazy and turn people into super-consumers and of course some people will still have kids and we all saw idiocracy.
In capitalism, there is no going back. You have to beat least year’s profits no matter what.
There is plenty of housing currently in Western countries, it’s just not being made available to those in need. That won’t change with lower birthrate, it will stay not available to them. It can only change with system change where no one can hoard insane billion amounts of $ € ¥ numbers on their screen or have thousands of homes as their belongings.
Definitely a lot of corporations turning homes to rentals but if there are fewer people to rent those houses, it’s not as lucrative an investment and with a surplus of homes, there’s more opportunity for people to buy them. I get what you’re saying tho. They have all the power to turn any situation in their favor.
In some situations they’ll rather have empty houses than rent it out to the poorest people for lower prices. Or actively destroy (“upgrade”) affordable housing to keep prices of the rest up. And if the prices do really go down a lot it’s still poors with mortgages but suddenly no more enough income selling their places for bargain prices to the ultra rich for whom even in a real estate crisis with crashed prices it’s all still just a game situation, not a food on the table one. They use it to gobble up even more.