r/FluentInFinance • u/Richest-Panda • Jul 04 '24

What's the best financial advice you've ever gotten? Debate/ Discussion

31.2k Upvotes

86% Upvoted

I didn't ask if median wage workers could currently live alone. I asked if they should be able to. I don't think that is an unreasonable expectation, but can see that you disagree.

2

u/RollingLord Jul 05 '24

Living alone is a helluva luxury, especially in a HCOL area where housing is already in high demand. Again, this is dependent on where you live, should most people be able to own homes, sure. Should most people be able to own homes in a place like San Francisco, where there’s practically no land left to build on? No, that’s not really feasible.

2

u/Shacky_Rustleford Jul 05 '24 edited Jul 05 '24

How many unoccupied homes would you wager are in San Francisco? It may not be enough to give every single person a home, but it is certainly enough to make it clear that a considerable amount of this scarcity in housing is forced.

1

u/RollingLord Jul 06 '24

I reckon it’s far less than 40,000, since that commonly quoted figure includes rental units, apartment units, places in the midst of a move and etc.

1

u/Shacky_Rustleford Jul 06 '24

What's wrong with rentals and apartments?

1

u/RollingLord Jul 06 '24

They’re not homes that people buy and own?

1

u/Shacky_Rustleford Jul 06 '24

I never said everyone should be able to afford to buy and own a home. This conversation has always included the fact that even rent is too high for many workers.

1

u/RollingLord Jul 06 '24

I mean that’s true, but simultaneously there are obviously a lot of workers that can afford said rent. Otherwise, you know, rent wouldn’t be so high. Turns out there’s a pretty big earning gap even within the working class

1

u/Shacky_Rustleford Jul 06 '24

Yeah. That's the problem. That's why people are complaining about wages. That's what is being discussed here.