• 🦘min0nim🦘
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    7 months ago

    It’s terrible that we’re regressing towards a pre-1850’s society, but also ridiculous is that all this does is drive more money into non-productive housing.

    Say want you want about the US, but at least there the dream of wealth is underpinned by the idea that you start a business doing something useful.

    The Australian dream of wealth is flipping houses.

    • we is doomed!@lemmy.world
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      3 months ago

      Surely a lot of “influencer” dreaming ? Getting into housing now is capital intensive.

      I’ve only ever had a house to live in and invested elsewhere but back when I had a business (decades ago) they wanted a lein over the house in case of default, so it’s hard getting capital to start a business as well, sans house.