Home Ownership

[Reiwa]

Originally Posted by Duik [You must be logged in to view images. Log in or Register.]

SYDG house.

Also
Letting corps buy (thousands of) houses does nothing except filter more money from (us) to (them).

Google is free

[Ciderpress]

I miss Jib [You must be logged in to view images. Log in or Register.]

[Ekco]

I'm waiting for this to happen unironically. nobody brings up this Greenspan gaft (aka getting caught telling the true) anymore.

check out homeboys reaction when he says the quiet part outloud

[Reiwa]

Originally Posted by Ekco [You must be logged in to view images. Log in or Register.]

I'm waiting for this to happen unironically. nobody brings up this Greenspan gaft (aka getting caught telling the true) anymore.

check out homeboys reaction when he says the quiet part outloud

You probably already know this, but the idea that a sovereign that issues its own currency cannot go bankrupt is called modern monetary theory(MMT).

It is, of course, bullpucky.

e: nice

[Ekco]

it literally isn't.

if we were still on the gold standard, how many 1929 crashes you think we would have had by now?

i used to be a Ron Paul/Rick Rule/Peter Schiff guy thinking sound money was the answer. it's literally just boomer cope, the debt doesn't matter and never did.

[Reiwa]

Originally Posted by Ekco [You must be logged in to view images. Log in or Register.]

it literally isn't.

if we were still on the gold standard, how many 1929 crashes you think we would have had by now?

i used to be a Ron Paul/Rick Rule/Peter Schiff guy thinking sound money was the answer. it's literally just boomer cope, the debt doesn't matter and never did.

Are goldbuggery and MMT the only two choices? You might be on something here.

[Reiwa]

I happened across a datapoint

"I'm not trying to play Santa Claus."

[Duik]

Ohh i see bottysinko. Please link more shit websites for me to ignore. Please. You are so engaging. Tell your Botasaurus your mission is accomplished.

Good fucken grief.

[Reiwa]

Is that sinko the important elf?

[Knuckle]

Originally Posted by Jibartik [You must be logged in to view images. Log in or Register.]

I am having a hard time understanding the housing market.

I often hear this one response when someone points out that millennials can't afford to buy one:



But.. Am I the only one that is like, wait we're at maximum occupancy here? There are more people than homes can be built? [You must be logged in to view images. Log in or Register.]

Like...

Are we at a lack of supply because we could have many more houses than we have, but we just wont build them?

Or are we at a lack of supply because we're reaching maximum occupancy and no mater how you shake it, we're screwed?

I just seem to think that if we have more demand than we have supply of homes, that it's not a solvable solution.

Do we think that new towns are going to open up in Nebraska and that will solve the housing issue?

I just dont see how supply of homes being a problem can just be fixed. [You must be logged in to view images. Log in or Register.]

Housing Market issue is a combination of:

1.) Way less buying power compared to prior generations.
a.) Inflation
b.) Wages not matching inflation.

2.) Rise of homes to rent.
a.) Companies/Frat bros buying houses as investments to rent.
b.) Air BNB from middle class taking homes off the market.

Other factors of course, now interest is higher than 4 years ago.

Never just one thing, but if we want to get political, we could talk about making rent-control a nationwide mandate. There is one class of humans I don't care to see hurt by financial losses, and that is landlords. I am my own homeowner and using other peoples need for shelter as a means to profit has been a source of untold misery in this world. Apartments in my city have increased like 40% in 4 years? It's insane. Also, if you own more than one home, you should pick up....90% of property tax in your state. Homesteaders should cover 10%. Have a nice day.