35k I assume of dollars per year? Which is roughly 2900000 roubles month. I have another question: why the fuck everything is so expensive? 2.9M ₽/month is a lot. You can buy flat every few months in Moscow. Something is wrong with your economy and policies if THAT considered small.
Because prices for goods and services are all relative to the amount of money circulating in an economy.
The US has been operating at a deficit for over 30 years now, in addition to ~15 years of near-0% interest rates. The amount of ’new’ money flooding in is obscene, and is largely to blame for the massive rate of inflation seen across the board.
In an ideal scenario, deficit alternating would be directed towards the lower income brackets, as those funds would circulate through the economy multiple times before winding up in the back accounts of the Uber-wealthy eventually.
Unfortunately what has been happening since the 80’s in the US (and the west more broadly), is that the vast majority this ‘new’ money is issued directly to the most wealthy portion of society, who then use it to buy up essential goods and services (eg. Housing) as an investment vehicle; lifting the prices across the board without any means for the remainder of society to be able to continue to afford necessities like shelter.
Circling back around to my first sentence, imagine that the amount of roubles in the economy doubled overnight, and all of that new wealth was given to the richest 100 oligarchs.
They would likely buy out the majority of apartments in and around Moscow, skyrocketing their value due to the increased demand, jack up rent as high as possible and squeeze every last rouble out of the general population who won’t have seen any increase in their wages.
It’s the policies.
Not enough stopping prices rising and not enough keeping the money from continuously flowing up.
Taxes on large companies and the extremely rich keep going down. Politicians distract voters by making them angry about other issues so they don’t realize they are voting against bringing the money back down and building the middle class back up and supporting the lower class.
Well you see the problem is that people who make 35k USD and live in USA have CoL to mach in USD and aren’t in Moscow. My rent for my 1Br is $21,600 yr. That means $13,400 is for everything else for the rest of the whole year (based off of 35k annual).
So why am I not buying several flats a year? Because your looking at how one currency works in an entirely different economy. Not within it’s own economy. Your wage probably buys you a TON somewhere else in the world too. The problem is that you aren’t there, you are where you are now where that wage is far less effective
Because NIBMYs keep voting against new housing which raises the rents, raises the cost to buy a house. In places that develop, rents are trending lower, while in places that don’t the rents keep going up
35k I assume of dollars per year? Which is roughly 2900000 roubles month. I have another question: why the fuck everything is so expensive? 2.9M ₽/month is a lot. You can buy flat every few months in Moscow. Something is wrong with your economy and policies if THAT considered small.
Because prices for goods and services are all relative to the amount of money circulating in an economy.
The US has been operating at a deficit for over 30 years now, in addition to ~15 years of near-0% interest rates. The amount of ’new’ money flooding in is obscene, and is largely to blame for the massive rate of inflation seen across the board.
In an ideal scenario, deficit alternating would be directed towards the lower income brackets, as those funds would circulate through the economy multiple times before winding up in the back accounts of the Uber-wealthy eventually.
Unfortunately what has been happening since the 80’s in the US (and the west more broadly), is that the vast majority this ‘new’ money is issued directly to the most wealthy portion of society, who then use it to buy up essential goods and services (eg. Housing) as an investment vehicle; lifting the prices across the board without any means for the remainder of society to be able to continue to afford necessities like shelter.
Circling back around to my first sentence, imagine that the amount of roubles in the economy doubled overnight, and all of that new wealth was given to the richest 100 oligarchs.
They would likely buy out the majority of apartments in and around Moscow, skyrocketing their value due to the increased demand, jack up rent as high as possible and squeeze every last rouble out of the general population who won’t have seen any increase in their wages.
Damn, I am sad again.
It’s the policies. Not enough stopping prices rising and not enough keeping the money from continuously flowing up. Taxes on large companies and the extremely rich keep going down. Politicians distract voters by making them angry about other issues so they don’t realize they are voting against bringing the money back down and building the middle class back up and supporting the lower class.
There should be worse? I think it’s better improve baseline for everyone.
Well you see the problem is that people who make 35k USD and live in USA have CoL to mach in USD and aren’t in Moscow. My rent for my 1Br is $21,600 yr. That means $13,400 is for everything else for the rest of the whole year (based off of 35k annual).
So why am I not buying several flats a year? Because your looking at how one currency works in an entirely different economy. Not within it’s own economy. Your wage probably buys you a TON somewhere else in the world too. The problem is that you aren’t there, you are where you are now where that wage is far less effective
cost of living is a removed
Because NIBMYs keep voting against new housing which raises the rents, raises the cost to buy a house. In places that develop, rents are trending lower, while in places that don’t the rents keep going up