High home prices are 'feudalizing' California as unaffordable housing markets pose existential threat to middle class, study says
High home prices are 'feudalizing' California as unaffordable housing markets pose existential threat to middle class, study says
fortune.com High home prices are 'feudalizing' California as unaffordable housing markets pose existential threat to middle class, study says
There are unaffordable housing markets, and then there are "impossibly unaffordable" markets, four of which are in California, a recent study said.
![High home prices are 'feudalizing' California as unaffordable housing markets pose existential threat to middle class, study says](https://lemmy.world/pictrs/image/b1d257e3-efbb-468c-8531-fe63dc5a5772.jpeg?format=webp&thumbnail=256)
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2 comments
It’s not just California. It’s global.
13 0 ReplyTrue, but it's also evidence that superficial fixes like higher minimum wage alone don't eliminate the core problems of capitalism, they just mask them while those who are hoarding all the money and property continue to do so.
6 1 Reply