• Dagwood222@lemm.ee
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    15 hours ago

    Anyone who owns a house is a millionaire.

    So we’ve got a tiny number of billionaires in charge.

    An ever dwindling number of millionaires desperately holding onto their small privilege

    An ever growing number of working poor who need two paychecks to live

    Sounds like Tsarist Russia, with no single royal family to execute.

    • vithigar@lemmy.ca
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      13 hours ago

      Anyone? There are lots of houses worth less than $1,000,000. Sure, by the time a mortgage is paid off and you fully own the house yourself a person should also have some savings, but I certainly wouldn’t expect that to be universal.

      • M0oP0o@mander.xyz
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        7 hours ago

        My house is now worth a bit over $350,000. And although that is less then $1,000,000 I bought it at $185,000 (and had to use every penny saved to get a down payment) just a decade ago. Even in my small rural town I currently could not afford to buy the house I live in, I doubt this will improve in time.

        I might not be a millionaire, but I would guess I am now in a smaller class of people that owns where they sleep. And if the market keeps doing whats its doing I might be a millionaire in time (this is not overall a good thing).