White suburbanites expect their home's value to increase indefinately. It's an "investment." Even though it doesn't fit out conventional understanding of capital, it functions similarly. They come to believe it's their right to derive money from their ownership of property, and will fight as hard as they can to ensure both the value and their ownership of the property.
White suburbanites expect their home's value to increase indefinately. It's an "investment." Even though it doesn't fit out conventional understanding of capital, it functions similarly. They come to believe it's their right to derive money from their ownership of property, and will fight as hard as they can to ensure both the value and their ownership of the property.
Jokes on them I have no idea how to maintain this house and it's losing value daily.
Jokes on my neighbors too.
I mean, it's an investment in that it's commodity hoarding, so it's even less productive than capital.
I wouldn't be so quick to describe it like that. They are actually living there. Most only have the one home.
But their getting pissed about potential property value loss is them commodifying their home.