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This is a stupid response. Remember 2009 when the housing bubble popped and it effected the entire economy? With billions tied up in commercial real estate, it

This is a stupid response. Remember 2009 when the housing bubble popped and it effected the entire economy? With billions tied up in commercial real estate, it will have a wider impact then just office buildings and retail locations

grepfru_it 3y ago
some people just want to watch the world burn
- deleted 3y ago
  [deleted]
- JumpCrisscross 3y ago
  Almost nobody does. A lot of immature people think they do, because they’re not aware that it can get much, much worse for them without getting too bad for the people they hate.
  - eastbound 3y ago
    Some people are suicidal. And the opposite of suicidal, the “carpe diem” idea, rather hedonist, is equivalent in that they believe in “no tomorrow”. A lot of people suffer dissociation since Trump, which was crystallized in The Joker movie. Or perhaps it was due to social media. In any case, wanting to “see the world burn” is a recurrent idea, I’d like a study on how many people seriously adopt this attitude.
nine_zeros 3y ago
> This is a stupid response. Remember 2009 when the housing bubble popped and it effected the entire economy? With billions tied up in commercial real estate, it will have a wider impact then just office buildings and retail locations A lot of people are so disenfranchised from the wealth that the world could crash and they could care less. They are already at the bottom with nothing to lose. Such is the inequality in America these days.
- incrudible 3y ago
  And they are posting on HN? More likely they are posting on behalf of the oppressed person from their imagination. An economic crisis hits those at the bottom the worst, even if in absolute numbers the losses at the top may be greater. Rich people did not put all their money in commercial real estate anyway. If anything, they are reducing real estate exposure and are piling into treasuries right now.
- speakfreely 3y ago
  > They are already at the bottom with nothing to lose. If they have access to running water and a roof over their head, this is a wildly misinformed perspective. The people at the bottom typically feel the most pain during economic wipeouts.
olddustytrail 3y ago
You mean "affected", as in it "had an effect". Unlike "effected" which, as in the saying "cause and effect", means "caused". Dear God, English is the stupidest language ever.
- danaris 3y ago
  Except that the saying "cause and effect" is using the other (noun) meaning of "effect": it's drawing a line of causality, from a prior occurrence (the cause) to the later occurrence that is a consequence of that cause (the effect). No one uses "cause and effect" like "cease and desist".
BeFlatXIII 3y ago
So we should keep prices inflated and piss our money away on artificially-large mortgages so the people at the bottom don't starve?

grepfru_it 3y ago

some people just want to watch the world burn

deleted 3y ago
[deleted]
JumpCrisscross 3y ago
Almost nobody does. A lot of immature people think they do, because they’re not aware that it can get much, much worse for them without getting too bad for the people they hate.
- eastbound 3y ago
  Some people are suicidal. And the opposite of suicidal, the “carpe diem” idea, rather hedonist, is equivalent in that they believe in “no tomorrow”. A lot of people suffer dissociation since Trump, which was crystallized in The Joker movie. Or perhaps it was due to social media. In any case, wanting to “see the world burn” is a recurrent idea, I’d like a study on how many people seriously adopt this attitude.

nine_zeros 3y ago

> This is a stupid response. Remember 2009 when the housing bubble popped and it effected the entire economy? With billions tied up in commercial real estate, it will have a wider impact then just office buildings and retail locations A lot of people are so disenfranchised from the wealth that the world could crash and they could care less. They are already at the bottom with nothing to lose. Such is the inequality in America these days.

incrudible 3y ago
And they are posting on HN? More likely they are posting on behalf of the oppressed person from their imagination. An economic crisis hits those at the bottom the worst, even if in absolute numbers the losses at the top may be greater. Rich people did not put all their money in commercial real estate anyway. If anything, they are reducing real estate exposure and are piling into treasuries right now.
speakfreely 3y ago
> They are already at the bottom with nothing to lose. If they have access to running water and a roof over their head, this is a wildly misinformed perspective. The people at the bottom typically feel the most pain during economic wipeouts.

olddustytrail 3y ago

You mean "affected", as in it "had an effect". Unlike "effected" which, as in the saying "cause and effect", means "caused". Dear God, English is the stupidest language ever.

danaris 3y ago
Except that the saying "cause and effect" is using the other (noun) meaning of "effect": it's drawing a line of causality, from a prior occurrence (the cause) to the later occurrence that is a consequence of that cause (the effect). No one uses "cause and effect" like "cease and desist".

BeFlatXIII 3y ago

So we should keep prices inflated and piss our money away on artificially-large mortgages so the people at the bottom don't starve?