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by nonameiguess 1865 days ago
What on earth are you talking about? I'm in that class. I'm sitting here in an air-conditioned room in a $1500 chair in a four-story townhouse looking at my window at an unobstructed downtown skyline view, sitting with a mini-fridge full of my favorite drink in arm's distance, an OLED on the wall, a king-size bed with a separate laptop right next to it so I can hop in and work laying down whenever I feel worn out. My life is fantastic.

As for mortgage cost, rates are the lowest they've ever been. I just refinanced to cut my payoff time in half keeping the payments almost exactly the same. The property values are shooting up, but I already own the property, so how does that hurt me? It's wealth, not an expense. 401k and IRA are doing fine. What do I care if the real value of the couple grand I keep in checking as bare dollars is going to be nothing in 50 years? That's a tiny portion of holdings and I'll be dead by then anyway.

I don't understand complaints like this. If anyone is getting hosed, it's people in the 40-60K salary range. Just enough to not qualify for any kind of public assistance, but not enough to not be living paycheck to paycheck and forced to rent forever at perpetually increasing prices so property owners like us can get rich.

As for other people are doing, I guess looting and rioting happened somewhere since it was on the news. But again, I live downtown smack dab in the middle of a major metro. I'm watching what these people are doing in full public view every day. Mostly, they're either living in tents next to the highway or they're out in the sun for 12 hours every single day hauling wood and stone to put up new condo developments all over the place for the benefit of homebuilders and people like me with enough money to buy downtown condos. As far as I know, the bulk of protesters in any activist movement are well-off suburbanites who can afford to take time off work or college students.