1013
wealth inequality
(lemmy.ml)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 27 Dec 2024
1013 points (98.8% liked)
Microblog Memes
6125 readers
954 users here now
A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.
Created as an evolution of White People Twitter and other tweet-capture subreddits.
Rules:
- Please put at least one word relevant to the post in the post title.
- Be nice.
- No advertising, brand promotion or guerilla marketing.
- Posters are encouraged to link to the toot or tweet etc in the description of posts.
Related communities:
founded 2 years ago
MODERATORS
This is the natural result of decades of sustained exponential growth. At roughly 10%/yr, markets will double every 7-8 years. That's three doubling times in about 25 years, or 2^3 which is 8x. And that's how you get a house that was like $100k-$200k in the year 2000 to turn into a house for like $800k-$1.2m in 2024. It's only going to get worse.