Home Ownership

[Jibartik]

The chairman of the U.S. Federal Reserve, Jerome Powell, said his goal is “to get wages down.”

[Shourty]

Ya know.......back when I was a kid, well, maybe a young man I guess, I remember when we would.....ummmm. No, I don't remember that anymore.

[Jibartik]

House prices are so much more inflated than groceries right now.

Sometimes I wonder if that means the actual inflation rate is like 500x what they think/say it is.

Like we just have such huge wage gaps in this country, and instead of that causing a revolution, they've figured out how to just like, slowly make the shit peasants buy increase in price, while the stuff rich people buy (homes) are totally unattainable with current salaries thanks to the actual (wage gaped) inflation rate.

It's all a giant scam.

[GreenWillz]

The housing market's supply issue isn't just about physical space but also zoning laws and construction costs. Even if there's land, high property buying costs and regulatory barriers limit new home builds. To address this, we need more affordable housing projects and changes in zoning to increase supply where it's needed, asap.

[Duik]

SYDG house.

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

[Ciderpress]

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

[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

[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.