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Antiwork

Landlord: I’m raising your rent by 30%. Also, landlord: Why is there so much inflation?? Or, why greedy LLs and sellers are fueling inflation.

My point is that inflation is partly the result of workers demanding, and obtaining, wage increases necessary to continue affording housing, which means either rent or future mortgage payments, for people saving to buy. The labor shortage is fortunately helping, but even if there was no labor shortage, few, if any, workers, would accept working in a location where they can't afford to live, or out of a reasonable commute. Did you sell your property for 600K for 100K above asking to a cash buyer rather than for 470K to a new family? Hope you enjoy paying 80% higher prices for everything from food to clothes, plane tickets, ATV rentals, daycare, your next truck, etc. Because, guess what? The workers providing these goods and services to you are demanding higher wages to afford housing in their neighborhood. Housing should not be an investment, but a place to live in and…


My point is that inflation is partly the result of workers demanding, and obtaining, wage increases necessary to continue affording housing, which means either rent or future mortgage payments, for people saving to buy. The labor shortage is fortunately helping, but even if there was no labor shortage, few, if any, workers, would accept working in a location where they can't afford to live, or out of a reasonable commute.

Did you sell your property for 600K for 100K above asking to a cash buyer rather than for 470K to a new family? Hope you enjoy paying 80% higher prices for everything from food to clothes, plane tickets, ATV rentals, daycare, your next truck, etc. Because, guess what? The workers providing these goods and services to you are demanding higher wages to afford housing in their neighborhood.

Housing should not be an investment, but a place to live in and prosper. Nobody should make a net profit off of their property, except if they bought long ago, and even then, sellers should reject cash offers and offers above asking.

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