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The sellout of public housing in the big cities to private investors is like when the financially strong part of the bourgeoisie conquers the living space of what once has been the place to live of the regular people - poor, middle class and workers. The part of the populace what once made up the natural residents of the cities get driven out of town into the outskirts...
What remains is an unnatural population in the cities, which only looks for entertainment, pleasure, some food to eat - like in an amusement park. The city's there for providing, but it's no home to anyone anymore. Rich hipsters have a room here and there to stay for a night... They jetset around the world, living everywhere.

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Date: 22 June 2017 02:03 pm (UTC)
From: [identity profile] onb2017.livejournal.com
Private investors buy properties because nobody can afford it any more. I read daily about how young people around the world live with parents and such. So it might be that this social cleansing is just the natural result of monopolization of capital. I read five richest people in the world have the same wealth as the the half of the population of the world. So naturally only the richest ones can afford buying properties.

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