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/edu/ - Education

'The weapon of criticism cannot, of course, replace criticism of the weapon, material force must be overthrown by material force; but theory also becomes a material force as soon as it has gripped the masses.' - Karl Marx
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Not reporting is bourgeois


File: 1752945203905.jpg (34.75 KB, 1024x547, Fvd2of-XoAEZoo9.jpg)

 

I am still a noob in economics and socialism in general, can someone explain to me in a simple way why the current real estate crisis and high prices. I live in the EU which is infamous for making excessive controls, yet it is quite common to buy products from Morocco or similar countries where conditions are much worse, what do they gain from it?

Literally "The rent is too damn high". The entire economy is set up for as much rent extraction as possible by decades of policy, with the intent of imploding capitalism as anything involving actual capital.
In the rest of the world, real estate is not ridiculously overpriced, with the exception of some parts of the Middle East that are already an advanced model of the new program they want for the world. It's still expensive everywhere, but not so expensive that it is inflated ridiculously beyond what anyone actually pays for it. The entire purpose of such high rents is to make them unpayable, so that there is no more family home and you can't rent an apartment without three working-class incomes that you can't possibly attain. The only reason there isn't a mass implosion is because of those holding on to their accumulated wealth from generations ago and housing programs that prop up the ridiculous rent-seeking… sometimes. If you are a poor, you are dead in this world. Dead. The poors are made to live as if they were illegal aliens in their own country, squatting in their friends' homes. Such is life. If any of them find a place of their own, the mob of squatters comes in to wreck it, all with the tacit approval of the rent-seekers. No one could afford these rents without being selected to live, and those selected to live are just handed everything. They do not struggle. They do not.


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