The fact that affordable housing remains unaffordable for large sections of the middle class and even more so for the lower class is a social scandal! Decades of the wrong monetary policy, the diversion of liquidity into the real estate market as a kind of piggy bank to protect against currency devaluation, combined with over-regulation and high taxation, have created a situation that is absolutely unacceptable.
The real estate market will correct, one way or another, the number of private insolvencies is already rising and the pressure on the market is increasing noticeably. Intelligent policy would use a vehicle such as Bitcoin like a dry sponge to siphon off the outflowing liquidity and mitigate inflation by letting on-ramps grow faster (besides the ETF honey pot).
What will happen to the lending banks in the event of the next real estate crisis remains to be seen, but there will certainly be more mail from these institutions with the money printing press. In any case, we would be well advised not to jump on the bandwagon now, but rather to wait until real estate prices cool down. The effect is likely to be even more pronounced in Europe in particular, where demographics are hitting mercilessly.
I've never seen that chart before. Good find.
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Long live 'X' (I know, this platform of this goddamn Na.i as I learned yesterday)
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111 sats \ 3 replies \ @leo 8 Aug
Not sure how much you can blame monetary policy for that. In most North-American towns it's literally illegal to build apartment buildings
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56 sats \ 1 reply \ @kepford 8 Aug
Doesn't it burn you up when you hear politicians talk about the problem of homelessness in the US and never mention how expense and sometimes impossible it is to build housing. Some are dumb but I think most just do not care.
It is obvious if you do some reading that homelessness is high due to the cost and availability of housing. Building codes and zoning laws raise the floor of the cheapest housing. Then you couple this with state licensing laws, welfare, and the minimum wage and you end up with people that can't get jobs and can't afford to live in the type of housing "society" deems acceptable. So they end up living on the streets. Not to mention the failure of state run mental health and drug addiction services.
The world we have is the fault of the state and those that run it. And we deserve what we get because we have left these things up to sociopaths to figure out for us. And those sociopaths do not care to figure out the root causes. They only care about power and making promises they can't keep.
Its not rocket science why we have these issues. I'm no genius. They will spend millions on doing another "study" to figure out the problems. The whole thing is absurd.
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homelessness is kind of a bad term because the people who are homeless arent just without a home. people have also tried to give homeless people homes but it doesn't really work. There are deeper causes but maybe that goes without saying.
i thought about how to reduce homelessness and i think you gotta round them up and throw them in shallow water every other day. At least they will be clean, but at some point, someone is going to be like ok im going to try live better. Its worth a try.
Take for example california which is still a touristy place, but with a lot of homeless ppl now! So they could make an event out of throwing homeless people into the shallow part of the ocean, make it a tourist attraction. There could even be bets on who makes it out of the water first. There should be life guards to help but only in most extreme case. Someone acting out should not get helped right away. Anyway this will kind of deal with two problems at once. It creates a tourist attraction and it also reduces homelessness.
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As I said: it's always monetary expansion and regulation. Same here in Europe
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100 sats \ 0 replies \ @TomK OP 8 Aug
I found this one, too. Rentals are clearly cheaper
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Good one! The prices of real estate are falling almost everywhere except in India! Real estate is one of the things that do not get affected due to global financial crisis.
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I want the real estate prices to fall down so much that every homeless gets one for him!
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And we could stop funding wars, too...
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Wars do not fall under 3 basic needs for humans. So definitely, they shouldn't even be happening. Here people are homeless, jobless, foodless, clueless, hopeless and they fund wars! Funding wars is a tragedy to humanity, tbh.
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Thanks! Now wait for our warmongers to climb out of their holes
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It's sad they don't want climb out from there. In fact they love it.
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Oh I know. You know these accounts, calling me a stupid idiot here...
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I'm sorry. Did I say something wrong there?
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You?? Nono. But there are two three others insulting me wherever they can. And I think it's the answer on my opinion on the Ukrainian crisis
I can see some of it crashing, but as long as fiat keeps printing, housing prices will always rise. Anyone remember the steel lustron houses?
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It will be deflationary demografics against the fiat credit pump. In China demografical forces are winning so far
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THe fiat credit pump will never stop until it crashes.
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that is correct. with the help of their propaganda media, central banks evoke in the public the impression of total power and control of the markets, which is of course nonsense. In the end, reality always sets in
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Until a reset happens, and then the cycle repeats itself. Continental currency, you know?
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20 sats \ 1 reply \ @TomK OP 9 Aug
May the gods be with us...
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You know a reset will happen eventually. With one of the currrencies. Its just a matter of when.
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It's always going up! even if it goes down you refinance lol from what some real estate bros were telling me there's a good amount of honest ones who will admit its wild now and some will act as though its fine...ya get someone a house cool can they afford it and understand its not an investment its a place to live ready to see this everything bubble pop such exciting times we live in right now interesting to see the effects of all thats happening in Japan right now
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I totally agree with you, the market 💹 has to correct its weaknesses.
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a correction in nominal terms: possibly. a correction in real terms: probably
Money is being printed so fast, I don’t expect a price drop
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Not saying you are saying this but a mistake I think many people are making is thinking we are headed toward another 2008 housing crisis. That time was very different from now.
  1. We have a low supply of houses
  2. We have higher interest rates
  3. We do not have policy makers pushing home ownership and lenders to make insane loans to people that have no income.
We have a very broken market but I do not see the type of collapse we saw in 2008. Not an expert but I only hear a few people saying what I just explained. I don't think its in a good place but also its different.
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