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0 sats \ 3 replies \ @327c19b153 OP 12h \ parent \ on: What problems are you facing? AskSN
just your thoughts on how your dealing with it. Wishing you all the best too, hope everything is ok atm. Im currently also in a very expensive city and I cant stand it. The cost of living is ridiculous, and its really hard to watch the people around me struggle so much.
Yes likewise, I wish you good luck too with this very tough nut to crack.
For my part I oscillate between total despair and determined optimism. We have been saving and investing for a while, and some of this investments have well, particularly Bitcoin, however as we have progressed down the learning path we don’t see Bitcoin as an investment anymore. But regardless, should the need ever arise we could liquidate everything and buy something, somewhere. It’s more a frustration of not being able to buy in one of the nicest places to live I’ve ever come across.
As it turns out we and the generations below us are all in the same boat, thanks to the petrodollar system if the US continues to grow its money supply so to do the governments of Australia, New Zealand, Canada etc. lest they unleash detrimental forces across their entire societies, not just hopeful home buyers. And that money needs to go somewhere.
So, really it’s our own fault for being born to parents living in these countries at the time we were, had we been born a generation or two earlier things would be quite different. But more seriously this problem is baked into our monetary system, it can be managed by governments, to a degree (big prints in the US cause big headaches to other govts), however some governments have mismanaged the problem grossly, usually because of self interested politicians with multiple investment properties of this town who have no interest in any seeing any changes to the current set up.
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Well, something I'll say is that the cities that are considered desirable change over time. I don't know how it is with Sydney, but just in the last 30 years in Los Angeles Culver City has transformed from a more modest neighborhood to a high tech hipster place with soaring home values.
So instead of focusing on the places you can't afford, why not focus on building up the communities in the places that you can? And who knows, maybe 20 years from now, that community will be considered the more desirable place to live?
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This is definitely how I'm feeling. Many upsides to these great cities but I've lost hope in seeing them as a place of sanctuary for the future. It seems that we have to start building the next ones.
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