Marx Engels Lenin Institute
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*Patron-only* Housing and the Housing Bubble
🕑 Added 2021-04-27 23:35:54 +0000 UTCWe take a look at the housing bubbles ballooning across the world, investigate the contradictions which give rise to housing bubbles under capitalism and make some predictions of how the whole thing will come tumbling down.
Correction: Leila ~@1:01:42 says residential homes in Japan declined to less than a tenth of their peak -- this is not for *all* of Japan, only for Tokyo at the time of the crash.
We hope that you enjoy this first Patron-only episode -- thank you so much for subscribing!
Comments
William Mckay
We believe it is moreso because Capital uses real estate as a site of fictitious capital generation -- i.e. it needs to use housing an investment vehicle, and so needs to commodify public housing. But also there is a political advantage for the bourgeoisie is getting workers tied down with a huge mortgage. --Leila
David Green
Public housing has to be eliminated because of dead labor, if I understand correctly.
