Become an illegal and you get free housing. Problem solved. They are building new housing for us slaves in the form of concentration huts. They plan to move us out of our homes and let the illegals have them.
Not necessarily. Many boomers are of an age and living where their property taxes are limited or non-existent. Taxes will be collected upon sale and the rate will be higher for the buyer but if the houses aren't moving...
Yes—stop blaming Boomers for EVERY ADVERSE situation! How about the collusion between county officials and out of state developers who come to get rich quick? Greedy realtors! Speculators? Lack of assistance programs for first time buyers? The BLAME is shared by all of us!
Why are you not talking about a major cause of home price inflation? Corporations BUYING UP properties to rent at steep rents? THIS speculation is a big negative and should be regulated by local governments!!! They are even BUILDING whole developments of SFHs to RENT here in Florida! Using capital they have in excess because they’re paying zero corporate taxes! Wrong as hell!
What is interesting about corporations taxation is that even if you raised their taxes to 50% their bottom line never changes. They pass the taxes along to consumers in the form of higher prices.
agreed. Need to address the fact that housing supply, as measured by housing stock per capita, has remained mostly the same for the past 30 years, while cost of rents and ownership has at least doubled in most cases. Beside monetary policy, it is concentration of ownership... parasitic profit-taking on the basic human right to housing.
Is the only solution to wait on the sidelines for a housing crash? The magic of money is the ability to save from 21-31 and let compounding do the rest. It's a critical decade for new buyers that most likely will be replaced by AI in many industries, some faster than others. An H100 blade can replace 3 workers "today" and 35 workers in the finance industry. Gulp!
Prices hit all-time highs in USD, but no one [in the middle class] is buying! It's the wealthy and the 0.01% super elites who are indiscriminately buying everything in the indexes.
One follow-up question: You say existing homeowners can anticipate, "another jackpot." What, exactly, do you mean? Is this just a reference to our home's assessed value spiking...or is there something else that I missed?
Peter, You must know with your economic knowledge and wit that this thing called fed 13 is intended to crash and burn to usher in the new world order to Fulfill the goals stated for all to see at the WEF website. I throughly enjoy listening to your level of understanding. Maybe, above, I’m stating the obvious and it is truly to much for average dumbed down murican to handle and that is not your goal of your weekly roundup.
It doesn’t end well, because when the dollar dies the US dies…
Dire reality like a moose in the headlights just ahead running pedal to the metal!
Homeowners through zoning and NIMBY have been using local intervention to prop up property values for decades. It's a transfer of wealth from young to old, renters to homeowners and it's all facilitated by the government. Add to the fact that the Fed's mandate (contrary to poplar belief) is not full employment or low inflation (it's accomplished neither), it's keeping asset values inflated. You can't fight the Fed.
Become an illegal and you get free housing. Problem solved. They are building new housing for us slaves in the form of concentration huts. They plan to move us out of our homes and let the illegals have them.
You will own nothing is the plan
as long as values of houses climb so too will property tax revenue.
Devaluating dollar is a problem though.
Not necessarily. Many boomers are of an age and living where their property taxes are limited or non-existent. Taxes will be collected upon sale and the rate will be higher for the buyer but if the houses aren't moving...
“Now we're got a world of rich Boomers stepping over the young”
I know it’s popular to blame Boomers for everything, and maybe they deserve it. But this can’t be true.
The youngest boomers are about to turn 60 and Gen Xers started buying their starter homes 35 years ago. Those dirty Gen Xers did it!!!
So many people believe that the Boomers are the problem because they think we are rich.
My income is what I earned by "contributing" to social security and fighting in Vietnam. The IRS took all the rest.
Yes—stop blaming Boomers for EVERY ADVERSE situation! How about the collusion between county officials and out of state developers who come to get rich quick? Greedy realtors! Speculators? Lack of assistance programs for first time buyers? The BLAME is shared by all of us!
Why are you not talking about a major cause of home price inflation? Corporations BUYING UP properties to rent at steep rents? THIS speculation is a big negative and should be regulated by local governments!!! They are even BUILDING whole developments of SFHs to RENT here in Florida! Using capital they have in excess because they’re paying zero corporate taxes! Wrong as hell!
They’re building the corporate-owned rental neighborhoods in Houston, too.
It’s shocking!
What is interesting about corporations taxation is that even if you raised their taxes to 50% their bottom line never changes. They pass the taxes along to consumers in the form of higher prices.
agreed. Need to address the fact that housing supply, as measured by housing stock per capita, has remained mostly the same for the past 30 years, while cost of rents and ownership has at least doubled in most cases. Beside monetary policy, it is concentration of ownership... parasitic profit-taking on the basic human right to housing.
Government interference in the free market is causing these problems
You might like this podcast exposing the housing shortage deception:
https://open.substack.com/pub/soberchristiangentlemanpodcast/p/s2-ep-45-the-housing-shortage-deception?r=31s3eo&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true
Is the only solution to wait on the sidelines for a housing crash? The magic of money is the ability to save from 21-31 and let compounding do the rest. It's a critical decade for new buyers that most likely will be replaced by AI in many industries, some faster than others. An H100 blade can replace 3 workers "today" and 35 workers in the finance industry. Gulp!
Young people are forced to work two jobs and abstain from having kids in order to have a home. The money printers are sucking the life out of them.
Prices hit all-time highs in USD, but no one [in the middle class] is buying! It's the wealthy and the 0.01% super elites who are indiscriminately buying everything in the indexes.
Silence DoGood
☕✝️
Bernie has 3 houses. Government jobs pay well
Love your Substack!
One follow-up question: You say existing homeowners can anticipate, "another jackpot." What, exactly, do you mean? Is this just a reference to our home's assessed value spiking...or is there something else that I missed?
Peter, You must know with your economic knowledge and wit that this thing called fed 13 is intended to crash and burn to usher in the new world order to Fulfill the goals stated for all to see at the WEF website. I throughly enjoy listening to your level of understanding. Maybe, above, I’m stating the obvious and it is truly to much for average dumbed down murican to handle and that is not your goal of your weekly roundup.
It doesn’t end well, because when the dollar dies the US dies…
Dire reality like a moose in the headlights just ahead running pedal to the metal!
Homeowners through zoning and NIMBY have been using local intervention to prop up property values for decades. It's a transfer of wealth from young to old, renters to homeowners and it's all facilitated by the government. Add to the fact that the Fed's mandate (contrary to poplar belief) is not full employment or low inflation (it's accomplished neither), it's keeping asset values inflated. You can't fight the Fed.
Is it to be vicious stagflation leading to hyperinflation? Or does the BRICS+ Unit - Western CBDC hidden conflict alter the calculus?