Low wages and high real estate price rent and buying prices are main problems

[kryptqnick]

I initially believed that the case with housing was similar to the case with food, but I was wrong. When it comes to food, a lot of it goes to waste while some are suffering from malnutrition and even dying from hunger. That's a problem of fair distribution, not of production. But with housing, there often literally aren't enough houses for everyone. It depends on the country, but overall, more housing must be developed, so that there's a bigger market, and that can drive the prices down (as long as we're building affordable housing). In the meantime, there should be support programs from taxpayers' money for those who have full-time jobs but can't afford to pay the rent (because the rent + food cost more than one's salary covers).

[mindrust]

Everything is messed up. If you don't own at least a million dollar portfolio that generates some passive income, you are still trapped in the rat-race, living paycheck to paycheck, making somebody else richer. We are back to where we started. Slavery is back in the menu. Maybe it never left us... Still though, 20 years ago, 30 years ago wage slaving wasn't that bad. At least people were able to buy a home and a damn car without having that much difficulties. Nowadays it is a nightmare. This is the survival of the smartest. People who don't plan their future accordingly when they are very young will fail miserably.

[Mr.sprin]

Obviously that is the most important problem, because our income is the key to everything, when our income is small but our expenses are increasing day by day then the main problem will arise, then followed by the second problem, when our income is not sufficient for our daily needs. So we should never dream of owning property like a halfway house.

That's why when we're still young, don't waste it in vain, we have to think about the future, it's time for us to think about changes for ourselves, we have to be rich in thought, poor in wealth is fine but poor in thought is not, because of what what comes to us is all from good and clear thinking from ourselves.

[C10H15N]

Everything is messed up. If you don't own at least a million dollar portfolio that generates some passive income, you are still trapped in the rat-race, living paycheck to paycheck, making somebody else richer. We are back to where we started. Slavery is back in the menu. Maybe it never left us... Still though, 20 years ago, 30 years ago wage slaving wasn't that bad. At least people were able to buy a home and a damn car without having that much difficulties. Nowadays it is a nightmare. This is the survival of the smartest. People who don't plan their future accordingly when they are very young will fail miserably.

Ding ding ding - we have a winner!  You are correct - physical slavery was simply replaced by economic slavery.  Playing the game by the old rules of working, saving, and retiring with a pension is gone.  Today you are locked in an endless cycle of debt slavery - student loans, credit cards, auto loans, home mortages, ...


    

[stomachgrowls]

Obviously that is the most important problem, because our income is the key to everything, when our income is small but our expenses are increasing day by day then the main problem will arise, then followed by the second problem, when our income is not sufficient for our daily needs. So we should never dream of owning property like a halfway house.

That's why when we're still young, don't waste it in vain, we have to think about the future, it's time for us to think about changes for ourselves, we have to be rich in thought, poor in wealth is fine but poor in thought is not, because of what what comes to us is all from good and clear thinking from ourselves.

This is why live with your means and not with your wants if you do really like or want to survive on this very hard life considering that everything is almost increasing but not our wages or salaries on which it do really sucks if you do have made out such budget but on the next year you would really be falling out short just because of those increasing prices on which this is something that turns out to be that normal case or conditions that we do have today or into this world on which it would really be that having no choice but to deal with it. If you are someone who is really just that earning from 8-5 job then it would be wise that you should really be looking for something else if we do speak about other source of income, because if you wont then you would really be struggling but of course it would really be that matter on how well you do make out such budgeting.

We are thriving for us to survive on which it would really be that understandable that results would really be varying on how well you do make yourself deal up with such condition
or situation.

[YOSHIE]

Let's take for example London or New York people work hard but still cant afford peace of mind and having their own rented house or apartment.

There's nothing wrong, London or New York are not for daily workers, laborers and so on, London or New York is heaven for those royal henchmen and conglomerates, they only go there to spend money for fun, It's normal that all the accommodation there is expensive, there are open places for the poor/poor, specifically created for those who are very rich.

It's useless for workers' wages to be improved, it's the same, you have a daily wage of $50, an apartment is rented for $100 a day, it's still not enough and so on, London was not created for the poor, you work a day job there, then stay outside London or New York, maybe that will work.

The benchmark for renting an apartment in London or New York is not measured by the income of workers, apartment owners there measure accommodation based on tourists, so even daily workers cannot afford to rent it.

[Gaza13]

Obviously that is the most important problem, because our income is the key to everything, when our income is small but our expenses are increasing day by day then the main problem will arise, then followed by the second problem, when our income is not sufficient for our daily needs. So we should never dream of owning property like a halfway house.

That's why when we're still young, don't waste it in vain, we have to think about the future, it's time for us to think about changes for ourselves, we have to be rich in thought, poor in wealth is fine but poor in thought is not, because of what what comes to us is all from good and clear thinking from ourselves.

If we have a job, in my opinion, this is much better than having no income or being unemployed. Get used to living frugally from your work income and don't follow your friends' developments. This will make things difficult for you in the future. Better to set aside what you can, with savings. We can look for other solutions to earn income for us. With the rapid development of information technology, we can also find solutions for our income. From here we can look for sources of income without requiring large capital, for example by becoming an affiliate anywhere or something else. What must be changed from a young age is our own mindset or mindset, if we don't use it well from a young age it will certainly have a bad impact on your own future.

[MissNonFall9]

It is indeed very important to remove the disparity between rich and poor and also to reform the price and wage structure so that no one feels deprived. Then we can have a true and beautiful world. But is it possible to penetrate this disparity or syndicate? I believe that if we respect our humanity low wage people will give us better services and create a decent world.

[stompix]

Never mind New York and London, it is creeping into any major town in the devwloping world. The problems are deeper. Demand for real estate outstrips supply. Buyers are not local, the real locals are also at fault for selling.

Free market! 
Also, their house, their keys, their decision, right? 

But the main issue with the discussion at hand is, if people can't afford them why is the price rising and who buys them?
And if some buy them to rent, who is the one paying that inflated rent?
The perception is flawed in most cases, people don't realize how much money actually is on the market and how many raelly afford this!

We seem to live in this crazy upside-down universe. Working hard, you bust your ass but you can't even afford a good place to live. Shameful. This system, man, it's broken.

The irony in this is that you want cheaper stuff while getting paid more!
Who is going to do this balance for you and why?

I am not discussing handouts here. I mention a fair shake here.

I assume you want to say fair share there.
Remember what happened when the US handed a fair share of money to help people during Covid?
The moment everyone receives a fair share in w ages, aka 2 times their current wage the prices will go up twice, because so will the cost and nobody will be dumb enough to earn the same while selling or crating stuff while you do twice!

We tried this fair share here till 89, we ended up all dirt poor in the same frozen shoebox eating on ratios!
I will take the rat race!