They've got fentanyl and gangsta rap so no worries on that front.
American Economics Thread
- Thread starter Bernard
- Start date
Rent and/mortgage.
The tragedy of homeownership is that there is a negative feedback loop.
1. High regulatory burdern and a poor bureaucratic process means that housing developers want to maximize revenue per housing unit, instead of trying to optimize production of housing units.
2. Constriction in supply leads to higher housing costs which causes consumers to borrow more money/invest larger amount of wealth into the house.
3. The high level of investment encourages homebuyers (who are increasingly from the upper-income bracket and therefore more financially literate) to protect that investment by maximizing its value.
4. Ever-rising housing values means more property-taxes for local government, which incentivizes local government to prioritize the interests of homebuyers and banks by pandering to their interests (like maintaining their property values).
5. Local governments continue to support NIMBYism which consequently leads to constriction of the housing supply...
1. High regulatory burdern and a poor bureaucratic process means that housing developers want to maximize revenue per housing unit, instead of trying to optimize production of housing units.
2. Constriction in supply leads to higher housing costs which causes consumers to borrow more money/invest larger amount of wealth into the house.
3. The high level of investment encourages homebuyers (who are increasingly from the upper-income bracket and therefore more financially literate) to protect that investment by maximizing its value.
4. Ever-rising housing values means more property-taxes for local government, which incentivizes local government to prioritize the interests of homebuyers and banks by pandering to their interests (like maintaining their property values).
5. Local governments continue to support NIMBYism which consequently leads to constriction of the housing supply...
Pretty soon Gen Z in Five Eyes are gonna be bigger Maoists than 60s era Red Guards…
Nah. Gotta solve important problems first such race differences, LGBT rights, abortion rights, listen some Taylor Swift's albums, cut back usage of plastic straws to save the planet and other green initiatives, do some Israel-Palestine protests, anti-police protests etc
Real Economy change is the last of their real actionable priorities
manqiangrexue
Brigadier
This is Canada though. It's one of the disposable fools the US grabs and throws in front of itself when bullets fly. This thread is about how the US is doing. Is there a similar graph?
These kinds of statement are not happening even in third-world country.