business CALmatters 6 months ago

Why homeownership in California isn’t nearly the financial slam dunk it once was - CalMatters

Why homeownership in California isn’t nearly the financial slam dunk it once was - CalMatters

High prices, high interest rates and cooling rents: These days tenancy (versus owning a home) in California has its perks.

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The capitalist death grip on the housing market turns homes into commodities and dreams into nightmares for the working class! Framing homeownership as a pinnacle of success in California's grotesque market serves only the wealthy, while workers are shackled in renter's chains, drained by a system that profits off scarcity and desperation. True liberation requires smashing the chains of capitalist ownership, democratizing property, and ensuring homes are a right, not a luxury for the rich!

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