In order for us to have affordable housing, property cannot appreciate faster than wages
Finally, you're approaching the actual issue. Appreciating assets are not the problem. Wage stagnation is. The working class is having too large a share of its productivity diverted to the Problem Class.
I've heard this song before. Lordstown Motors, for example.
If they can get some trucks rolling out the door, I'll get interested real quick.
Why do people keep saying that I can't get that money out of the house?
I can use the equity as an asset to borrow money at low interest rates compared to unsecured loans.
In which case, you owe more than you borrowed. The net result of your borrowing is handing money to oligarchs. That makes them the problem, not you.
I can sell the property and move to a lower cost of living location, or even just a smaller home if I wanted.
Proportionally, you are not making any gains when you do that. That smaller home's value increased at the same time your own home did.
I can rent part of the property out at a rate commensurate with it's current value.
In which case, you would then be leveraging your wealth to strip others of wealth generated through labor. You would become part of the problem class with this approach.
Your ownership of an appreciating asset is not the problem.
Musk is a deep fake. He doesn't actually exist. He's an artificial scapegoat to draw attention away from the actual billionaire class.
People see "Taxes per 100k" and assume that if your house price goes up, so do the taxes
Because they do. Not immediately, but they are periodically reassessed, based on prevailing market value.
Instead, municipalities set a total budget,
They set their total budget largely based on what they can collect in taxes.
If the municipal budget doesn't change year to year
That possibility doesn't merit consideration.
No, you're not the problem there. The problem in your scenario is the landlords buying up all available real estate and leasing it back. Not you.
That million dollar gain has no actual value to you. You can't get that money out of the house, because you'll need to spend it to acquire new housing.
And in the meantime, your tax payments are going to increase: you're a victim of corporate investment in the housing market, not a perpetrator.
I'm sorry where are you getting this information from?
From his own statements about various prominent Democrats. When I talk about useless Democratic fossils, I'm referring to people like Nancy Pelosi, yet he calls her "effective" and a "fighter". She's not. She hasn't been "progressive" in over 40 years. The centrist, corporatist leaders he supports should tell you he wants a younger version of the same corporatist party.
Disarming in the face of fascism is ludicrous. Gun control is not a progressive issue. Go far enough to the left, and we want our guns again.
I think you'd be shocked at how many corporate Democrats are not.
Every corporate democrat supports gun control. Gun control is keeping the party locked in the center. Every time we start gaining traction on progressive issues like universal healthcare, punitive marginal tax rates, wealth/securities taxes, or anything else to wrestle power away from oligarchy, the old-guard corporate lapdogs trot out gun control to stall any leftward movement and drive the party right back to the center.
Your observation is only true where the working class controls the capital. Your point would be well taken if we all had significant shares providing passive income. Buy not even the wealthiest of the working class controls a share of capital proportionate to their productive output.
The worst injustices injustices in history have been perpetrated by oligarchs of some shape or another. We are in the middle of such an era now.
And the word is "ridiculous".
While they were walking, the Bodhisattva notices something extremely terrifying. He saw a tigress, which looked weak and hungry. The tigress was about to devour her own cubs. Now, that moved the Bodhisattva’s heart. He did not want the poor animal to suffer the guilt of eating her own cubs. So, he came up with an idea.
He sliced the disciple's throat, and enjoyed the remainder of his walk in silence.
Capital investment strips wealth out of the worker/consumer economy (where it is traded for goods and services, and becomes someone's paycheck) and transfers it to the securities market (where it is used to convert worker productivity into more capital)
Capital investment is only beneficial to the economy when the working class holds the capital.
Could host it as a .onion on TOR.