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‘We are drowning in insecurity’: young people and life after the pandemic
- pizzazzaro 5y agoFunny. Housing became a globally traded commodity, and now theres a cutoff for when it becomes patently unaffordable? Yes, this is a global problem. No, I dont care that it keeps boomers financially safe for housing staying a "good investment." We're one crisis away from that slipping away. All the housing producers seem to want luxury-condo money. No one wants to make affordable housing. Nash Equilibriums arent hard. A movie taught this Game Theory to even teenagers in the 90s. So now? We have luxury homes dry rotting from underuse, and a global housing crisis. We have banks selling our houses to each other, each one turning profit on the next; somehow, no one eats a loss? Some sources even suspect money laundering. But rampant commodity spectulation on land rather than oranges? Isnt helping. And allowing foreign investment banks to inject themselves into the housing market? Their participation can only drive up prices without contributing anything meaningful to the exchange. This is why markets need intervention. Keep denying Bernie Sanders? And the actually "spooky scary socialists" will grow, and react with actual violence. No exaggeration. Rent hasnt been this high ever, anywhere without a violent uprising. And the problem is everywhere.
- llimos 5y agoBesides for the data, which is pretty bad, the feelings described here are pretty much spot on. (I'm 36.)
- myroon5 5y agohttps://archive.md/6jZgi https://archive.md/6jZgi
- llimos 5y agoComing from Twitter seems to bypass the paywall https://twitter.com/sarahoconnor_/status/1386225719622213633 https://twitter.com/sarahoconnor_/status/1386225719622213633