3 ms·

Really really bad idea, of he market will correct as houses become unaffordable and new construction is built. This is just kicking the can down the road and

• ChuckNorris89 4y ago
  >propping up existing home values That's why you'll hear champagne bottles being popped. Anytime home values increase in the west it's hailed as a sign that the economy is "doing great" and it's done by the banks and our governments through the simple stroke of a pen. We've exhausted the endless cheap money printer, now it's time to increase the duration of the serfdom. It's the easiest form of wealth transfer. I can't remember if it was a Brit or an Aussie here saying it but it went something like: "our economy now is basically a few rich old farts buying and selling million dollar homes from one another and calling it economic growth". Now queue more headlines of: "Why aren't young people having kids anymore? Is it because they can't afford homes? No, of course not, it's because they're spoiled and entitled and spend too much on lattes, iPhones, watching porn, playing x-box and screwing around on tinder, instead of working shit jobs to pay 40 year loans for shoebox homes."