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Real Estate
Reply to "Housing is the new source of inequality"
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[quote=Anonymous]Both things are true: home ownership has long been a huge driver of inequality (and is a significant factor in the difference in net worth/generational wealth between Black and white people, for example) AND the trends OP references are getting worse and driving even greater disparities in income, quality of life, etc. The idea that everyone can just go buy a house in a lower COL area ignores the history (and present) of systemic racism that makes getting a mortgage, for example, impossible for many people—which means that those same people have not had the decades to build up the kind of wealth that facilitated home-buying for many of us (and that so many of us take for granted). It also ignores the fact that healthy societies do not have huge stratifications in wealth.[/quote]
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