Your housing budget shouldn’t be 2/3 of your income.
Landlords pay property taxes that comes out of the rent, and the bank fees and other costs. The building is also maintained, which costs 3% /yr of the value of the building.
If you owned your own building, it would be on you to pay the taxes and fees, maintain the building and appliances, and service the bank loan.
I’m not saying that landlords are not doing it for profit, but silly arguments borne from ignorance of economics do not help the discussion. Same with the whole “late stage capitalism” circlejerking from people that propose no viable alternatives.
I find that most people that say that refuse to address it. And I’m not being callous. Yes, there are many people that struggle to find a job and already live as small as possible renting a room in a cheap part of town. But that’s not who I’m talking about, and it’s also usually not the person making a song and dance about their income going to landlords or “the man.”
Most people in America live in a house or apartment larger than they need, saddled with credit card debt they chose, many drive a car they can’t afford, and some then complain about how hard it is to maintain their current living standards they set for themselves.
People outside of the US are puzzled by what Americans do, from politics to consumerism and living arrangements.
Most Americans complaining about the cost of living and housing could lower and share their expenses if they were serious about it. But blaming others is easier when we know the system is not perfect. There’s always someone else we can accuse of our problems and choices.
The truth is that the US is one of the richest countries in the history of the world, Americans as a whole are among the wealthiest and luckiest people in history, and living here is easier than almost anywhere else in the world. Even at the bottom incomes, the people complaining about earning $15/hr in the US should learn about India, China, Brazil, Russia, and find out what bottom level salaries pay there. But the people here on about “late stage capitalism” do not want to have that conversation.
“Comparison is the thief of joy” - People that want to complain are always comparing themselves against those that are doing better. But if you live in the US, you were born in the lucky 10%. If you have normal American problems and are struggling with expenses, take a moment to stop comparing yourself against the 9% above you, and take a look at how the other 90% live. We can all pick up a few cost-saving/sharing habits from them.
Also, this is not to say we don’t have policy problems. Vote for leaders that care about the middle class and have policies to make life better for people not corporations.