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this post was submitted on 20 Nov 2023
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Re: the title... Yeah no, owners of an expensive property are not only not in the "rich" class, they're likely working class as much as gig drivers and cashiers. Unless they liquidate this asset and actually go live somewhere LCOL where they can live off of the labour of others, they're still working class.
Exactly, articles like this are just confusing the meaning of class.
What makes you a member of "the working class" is that you are forced to sell your labour to survive. Fullstop. A tradesperson, and a lawyer, and a burgerflipper are all in the same class from that point of view.
As soon as your accumulated capital becomes large enough that you earn your income only as a result of your capital, then you are no longer working class, and that's when your interests diverge from the average worker and average homebuyer or renter.
A landlord with no other job, the major shareholders of a profitable business, a wealthy heir, those people make their money by siphoning value off of other people's work without actually needing to spend their time on work.
Long story short: I have no problem with a 50 year old plumber with a large family who legitimately uses that 4500 sqft house.
My issue is with Karen who used dad's money to buy 8 properties to airBnB them and insists she get special treatment because her business risks didn't pan out.
Interestingly, almost everyone in government is a member of the capitalist class, largely because people that sell their labour can't afford the time, let alone the money, to run for office.
In case you wondered why the interests of labour are grossly underrepresented in government, despite that vast, vast majority of both citizens and voters being of the working class, this is why.