this post was submitted on 25 May 2024
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cross-posted from: https://lemmy.ml/post/16038479

Marxist Financial Advice

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[–] [email protected] 51 points 5 months ago (6 children)

“Almost a third on rent”? What utopia do they live in?

Right now a simple 2bd apartment averages $2450 where I live and this was always know as the cheap Canadian city! Bonkers!

[–] [email protected] 65 points 5 months ago (1 children)
[–] [email protected] 0 points 5 months ago (1 children)

So it's either the city or the forest? Rural towns, commuter cities, farmer villages...

[–] [email protected] 13 points 5 months ago

I think it's meant to be a joke.

[–] [email protected] 18 points 5 months ago (1 children)

Imagine being able to afford rent. I just live with my parent and hate it every day!

[–] [email protected] 14 points 5 months ago (1 children)

Oh look at “can live with their parents” over here. How luxurious!

[–] [email protected] -1 points 5 months ago

Writing over the internet? Look at Mr moneybags over here!

[–] [email protected] 12 points 5 months ago

Hey now, you could probably downgrade to a 1bd and save $200 a month

[–] [email protected] 4 points 5 months ago

here in sweden most cities have some amount of municipal housing, where you can get a family-sized apartment for like $1200 equivalent, or a studio apartment for $300-400

it's almost like socialism works, and it works so fucking well that they have to legally restrict the municipal housing from being more than like 17% of the housing supply lest it nuke all private landlords from orbit

[–] [email protected] 3 points 5 months ago

It's 3,100 where I live... And these are American dollars. I'm tired...

[–] [email protected] 3 points 5 months ago (1 children)

Is the average salary 3600? Then it would check out.

[–] [email protected] 5 points 5 months ago (1 children)

Worse, actually. My net at $58,000CAD got me $3,600/mo. If I wanted a simple 2bd today it would be now two thirds of my take-home. The friend who rents my guest bedroom has become my roommate over the last few months as they’ve been unable to find a place that’s even vaguely reasonable.

[–] [email protected] 17 points 5 months ago (1 children)

This must be an old comic. They're only spending a third of the money on rent.

[–] [email protected] 2 points 5 months ago (1 children)

Yeah there used to be a time when, in order to qualify for renting or buying a dwelling, candidate had to prove to the housing industry that they earned three times the amount of rent or mortgage. Is that still a thing?

[–] [email protected] 1 points 5 months ago (1 children)

Don't ask me. I'm getting my house the old-fashioned way.

[–] [email protected] 1 points 5 months ago (1 children)

Squatting?

Eminent domain?

[–] [email protected] 1 points 5 months ago (1 children)
[–] [email protected] 0 points 5 months ago (1 children)

Oh. Well maybe you don't deserve to be the recipient of a family member's house when you don't even know how to spell the word inheritance.

[–] [email protected] 2 points 5 months ago

Some of us are a little too busy taking care of a parent to lrn how to spel wrds corektly.

[–] [email protected] 10 points 5 months ago (1 children)

Everyone needs to read "Hell's Angels" by Hunter Thompson.

There's a chapter where he lays out the economics of being a biker/hippie/artist circa 1970.

An Angel could work for six months as a Union stevedore and make enough to hit the road for two years. A part time waitress could afford an apartment for herself and her musician boyfriend.

[–] [email protected] 9 points 5 months ago (1 children)

But how many super yatchs were there in the seventies?

Checkmate workers

[–] [email protected] 7 points 5 months ago

That's another thing I always mention.

When Ronald Reagan took office, 'middle class' was defined as one Union salary job supporting a family of four, and $1 million was considered a vast fortune.

By the end of Bush Sr's term, 'middle class' was two jobs to keep the family going, and $1 million was what a rich guy paid for a party.

[–] [email protected] 8 points 5 months ago (2 children)

Marx Financial Freedom Steps

  1. Buy a gun and ammo
  2. Revolt against your oppressors
  3. Don't profit because profit is bad
[–] [email protected] 1 points 5 months ago
  1. enjoy the freedom of not needing an employment to live, and presumably free public transport letting you go anywhere at any time without needing to think about access to fuel or parking or how to feed and house yourself while you travel
[–] [email protected] 0 points 5 months ago

Step 1: buy useless shit.

...

[–] [email protected] 3 points 5 months ago

I love the comic where he plays Monopoly and flips the fuck out

[–] [email protected] 3 points 5 months ago (1 children)

I think you might be missing the point of the comic.

[–] [email protected] -2 points 5 months ago (1 children)

The point being that the supposed financial advice is really stupid and outdated/suspect

[–] [email protected] 2 points 5 months ago

Just absurdly impractical for an everyday couple.

[–] [email protected] 0 points 5 months ago

And all that avocado toast! I mean really!