Comments by "Ace1000ks1975" (@Ace1000ks19751982) on "The Curse And Joy of the Soviet Free Housing #ussr, #socialism" video.

21 Rubles/month, and people made 400 Rubles/month. That isn't bad. For me, my rent in a one bedroom apartment in Los Angeles city is about $2850/month, and this isn't including utilities. Utilities cost $125 per month. The average wage in the USA is about $2500/month. My wage is about $5500/month before taxes. I am spending $2975/month for rent and utilities a month. That eats up 54.1% of my wage per month. In the USSR, people spent 5.25% to 7% of their income per month that is a lot less than what the average American pays for rent or their mortgage per month.
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@UshankaShow The trade off is like this. Today, we can buy cheap goods from overseas from places, like China, India, Pakistan, Vietnam, South America, etc. The costs of the stuff we need, like housing, medical care, education, child care, insurance, & various services have gone up a lot. It is a trade off. If you own your own home without any debt, you are probably doing good. If you have a mortgage, pay rent, or have other kinds of debt life isn't so rosy. In the USA, everything we need to survive has gone up a lot, and everything we want has dropped in price. Back in the 1970s to early 1990s, electronics and imported items were expensive. The cost of living was relatively low back then. We can have all the toys and trinkets, but people have a lot of difficulty paying their rent. This is the difference.
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@UshankaShow Still, if you had two people in the USA earning a combined salary of $5000/month, it would still eat up 59% of that couples income living in the city I live in. Rents have gone up a lot in most major cities in the USA for over the past 10 to 12 years.
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@halaheleu7013 If you live in fly by country, there aren't that many jobs or opportunities to make a living. This is why people leave Rust Belts states, and farming areas.
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@MrAnonymousRandom If investment firms decide to put all their money into buying up real estate then that will push up the price of real estate. Since Wall Street has most of the money in the economy, the can buy up most of the real estate pushing the price up artificially. As a result, regular people suffer as a result. People who don't make enough get pushed out of the area, or they end up in the streets. This is why we are seeing a surge of homelessness in cities, like Los Angeles, San Francisco, New York City, and other cities. You are saying capitalism doesn't have problems? Capitalism and socialism both have problems. In the end, if the price of real estate rise at a level where it cannot keep up with wages then we have a big real estate bubble. We have a bubble in other parts of the economy, like the equities market inflated by artificially low interest rates for the past 11 years. When it does pop, like it did in 2008, these guys on Wall Street will get bailed out again, right? Because they have all the right connections in Washington DC. LOL This idea that capitalism is perfect is BS.
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@UshankaShow I am a software engineer, and most of these type of jobs are in California.
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@UshankaShow People live where most of the jobs and opportunities are at. It was worse in San Fransisco, I made a lot more, but renting an apartment was 32% more than it was in Los Angeles. The cost of everything else was also very expensive in that city was as well. It isn't easy to uproot and move to another state unless you can setup a business or find a good job.
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@munxcorp There is a reason why you have an influx of people in states like New York, and California. it is due to the size of the economy, and the opportunities that you have. It is just supply and demand. You will make more money living in New York City, but the cost of everything is inflated. It is all relative. If you live Idaho, the price of most things including real estate is cheap, but there isn't of opportunities. Most of the jobs there pay minimum wage, and not many developers are going to spend their time and effort there.
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