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93 sats \ 7 replies \ @Undisciplined 22 Mar \ parent \ on: Commercial Real Estate Threatens "Hundreds of Banks" econ

A "collapse" could be compositional. People have been moving in extremely large numbers out of very expensive major metros into relatively inexpensive mid metros.

Declines in major metro home prices could easily dwarf gains in mid metro home prices, since the baseline is so much higher.

64 sats \ 6 replies \ @grayruby 22 Mar freebie

Collapse in real terms likely. Nominal not so sure.

We aren't allowed to have recessions anymore remember. Let alone massive property value collapses that will affect the banking system. It all gets made whole in nominal terms in my opinion. At least the stuff the important people own. I am sure some folks get taken out to the woodshed like the regular folks that lost their homes in 2008.

83 sats \ 5 replies \ @Undisciplined 22 Mar

Maybe they'll give property holders a tax credit if they donate those homes to the homeless.

Bail out the real estate owners, then repossess the properties that don't pay their taxes and auction them off. That way taxpayers get fleeced into eating the losses under the guise of a well meaning program to "house the unhoused".

31 sats \ 4 replies \ @grayruby 22 Mar

Clever. You should be a democratic strategist. I know you are a fan of AOC since she joined the Raiders, maybe she has a job for you on her team.

160 sats \ 3 replies \ @Undisciplined 22 Mar

I'll check. My profession is largely dedicated to rationalizing stupid government policies. It's not a skillset I value, but I do have it.

41 sats \ 2 replies \ @grayruby 22 Mar

Your profession must afford you a flexible schedule so you can wash trade comments and zaps on SN with me and siggy all day. Siggy is fully retired, I am partly retired. You are doing some real PoW managing your job and a p/t SN job.

50 sats \ 1 reply \ @Undisciplined 22 Mar

Are you familiar with the term "sinecure"?

Also a prominent feature of my profession

21 sats \ 0 replies \ @grayruby 22 Mar

I wasn't familiar with that term until right now.

Good gig if you can get it.

I had a very good contract job in 2022 that only required around two solid hours a day to complete and paid fairly well but unfortunately they didn't renew after the 6 month term ended. It was shortly after that ended that I started spending a lot of time on SN. I have really only done odd jobs since then. I do get some commissions from my old business and the occasional project but it doesn't amount to much. I am actively looking for something new now but I am very selective. I only apply for things I think I will really like or work well with my family schedule.