BarterClub@sh.itjust.worksM to Antiwork@lemmy.world · 11 months agoLabor “shortage”i.imgur.comimagemessage-square60fedilinkarrow-up11.28Karrow-down120
arrow-up11.26Karrow-down1imageLabor “shortage”i.imgur.comBarterClub@sh.itjust.worksM to Antiwork@lemmy.world · 11 months agomessage-square60fedilink
minus-squareFReddit@lemmy.worldlinkfedilinkarrow-up24arrow-down1·11 months agoI got a little inflation story for you … My father bought a house inSan Francisco in 1959 for about $60,000. Now it’s worth around $4 million. And no, I did not benefit from this. He embezzled client money and lost everything, which he richly deserved.
minus-squareCapraObscura@lemmy.worldlinkfedilinkEnglisharrow-up16·11 months agoMy grandparent’s house was $10,000 in 1959. When my grandfather passed we sold it for close to $300,000. In a shitty small town in Texas. This is what happens when housing is sold as an investment and not a place to live.
I got a little inflation story for you …
My father bought a house inSan Francisco in 1959 for about $60,000.
Now it’s worth around $4 million.
And no, I did not benefit from this. He embezzled client money and lost everything, which he richly deserved.
My grandparent’s house was $10,000 in 1959.
When my grandfather passed we sold it for close to $300,000. In a shitty small town in Texas.
This is what happens when housing is sold as an investment and not a place to live.