Housing Bubble Popped?
- Thread starter Zardnaar
- Start date
Joij21
🔥Hail Satan!🔥
Well it's kinda sad when you think of it cause at some point this will cause the cost of living to rise whereby people can't afford to live in their locality if they don't get raises at their workplace. This in essence will cause inflation to stick and force everyone else to get a raise, rinse and repeat until corporate refuses to give anymore and then a mass exodus begins. Further driving tax revenues down until the public schools, roads, firemen, and police all go to crap creating a hostile atmosphere where no new people want to move in to raise children and pump tax revenues back up.
Truly a vicious cycle of endless impoverishment.
Farm Boy
run boy run
- Joined
- Sep 8, 2010
- Messages
- 26,750
This is intended. It drives retirees out of their houses* and into efficient group homes, thus freeing new rental properties to the market and for investment capture. Which is a constant significant percent of the total picture every year.
I **** you not. This is why it's tolerated. Nay, made to happen.**
It's not even new, people just don't like looking at it. There's tons of stories of 1800s homesteaders killing themselves late in life when the government came for their plots. How's the song go? "Move ***** get out da way?"
*both in rentals and in ownership, like it would get better if you don't own?!
**really, it's just pushing things forward. They'd die, eventually, freeing the resource. But if you drive somebody out 10 years sooner financially, and they live 75 years on average, getting into a house house at maybe 30, that's 45 years, reducing that by 10... what's the percent increase in ownership of housing stock to be made in the turnover? The decrease in housing stock needed? This is market efficiency when it controls the options you have.
I **** you not. This is why it's tolerated. Nay, made to happen.**
It's not even new, people just don't like looking at it. There's tons of stories of 1800s homesteaders killing themselves late in life when the government came for their plots. How's the song go? "Move ***** get out da way?"
*both in rentals and in ownership, like it would get better if you don't own?!
**really, it's just pushing things forward. They'd die, eventually, freeing the resource. But if you drive somebody out 10 years sooner financially, and they live 75 years on average, getting into a house house at maybe 30, that's 45 years, reducing that by 10... what's the percent increase in ownership of housing stock to be made in the turnover? The decrease in housing stock needed? This is market efficiency when it controls the options you have.
Last edited:
Spoiler :
Joij21
🔥Hail Satan!🔥
This is intended. It drives retirees out of their houses* and into efficient group homes, thus freeing new rental properties to the market and for investment capture. Which is a constant significant percent of the total picture every year.
I **** you not. This is why it's tolerated. Nay, made to happen.**
It's not even new, people just don't like looking at it. There's tons of stories of 1800s homesteaders killing themselves late in life when the government came for their plots. How's the song go? "Move ***** get out da way?"
*both in rentals and in ownership, like it would get better if you don't own?!
**really, it's just pushing things forward. They'd die, eventually, freeing the resource. But if you drive somebody out 10 years sooner financially, and they live 75 years on average, getting into a house house at maybe 30, that's 45 years, reducing that by 10... what's the percent increase in ownership of housing stock to be made in the turnover? The decrease in housing stock needed? This is market efficiency when it controls the options you have.
Except the cost never comes down after each dump and then subsequent pump. Eventually this can only keep going as long as younger demographics who are still working continue to get raises. Unless you're in a union you're basically screwed. Though even in unions all manner of BS takes place to disempower them.
One day there shall reach a period of critical mass where even the younger generations can't afford rent, mortgages, and the general cost of living. This will mean people will have less kids, a population bust will happen, property values will become depressed, tax revenues and infrastructure/schools become poorer, less workers will be available with the skills needed to maintain the economy and so on.
The United States will likely become second world when this happens, crime and unprotected sex via lack of education will end up eventually driving the population back up. But now with the basic infrastructure crumbled away from the previous population crash there will be not enough resources to go around for the population rebound. This is likely the catalyst for a future Second American Civil War. It will either happen late century or early next century.
Joij21
🔥Hail Satan!🔥
Short term gains for the here and now!!!
The cocaine and hookers won't pay for itself! Come on down! Buy your fifteenth yacht for your upcoming orgy!!!
Upcoming disasters from our neglect will only affect younger generations! Let's punt it for them to deal with, we'll likely all be dead by that time from heart attacks while snorting too much blow!!!
