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by bdbenton 1348 days ago
The final stage of gentrification is the buying up of homes as pure investment properties by corporate and financial entities.

This is why housing is unafforable in LA, greedy landlords, especially the corporate variety. It's why the streets are filled with homeless in the largest cities of California.

First, it's white collar workers replacing blue collar workers. Then, it's vast numbers of empty homes and homeless people side-by-side.

This is what happens when the wealth gap grows without ceasing, the financial industry is the largest in the world.

It is not wholly bad to see my home state of Texas ascend as a tech hub, but California is still a part of the USA.

In many countries, corporate investment of residential homes is illegal. I still care about California, and if you guys want to keep it from steering towards a dystopian technocratic nightmare, you need to reign in corporate real estate investing and monopolistic practices from tech employers.

What is the point of a high SF tech salary if living expenses just do not make logical sense? What about the blue collar workers who make the city run? It's materialistic and self-cannabilizing. Billionaires among record-breaking homeless populations.

Don't think the liberal party is that different from the conservative party, both are beholden to the wealthy class. No matter the ruling party, it takes everyday people working together to make a real change. Real communities working together to solve problems.

People solve problems, politicians are just puppets for corporate interest. We are the people. Stand up for your rights and challenge authority, or it will just keep going this direction.

2 comments

Are we seeing the same "homeless" people? The ones I see filling up the sidewalks and public spaces of big cities like LA and SF seem to be here for the cheap drugs, public services, and other nice things that "red states" are less likely to allow/provide.

Unfortunately, the "homeless issue" in big cities is a conflict of excess. High priced apartments (LA & SF used to have a decent amount of affordable living options when people didn't want to live in cities) clashing with "free"/public services.

We were fed a theory posed as fact (i.e. that providing services for drug addicts, like needle exchanges, and lowered/non-existent legal repercussions) is what is missing from our society. That is increasingly showing itself to be a lie.

The public needs to ask itself, do we want cities that are tolerant (and filled with drugs/crime), or do we want to accept intolerance?

I don't see the current political climate allowing intolerance, which is leading to a brewing political/civil schism.

we should have laws that heavily regulate using homes as investment vehicles unless we want to become china 2.0.