4 ms·

I don't share your view. I think rhe landlords will eat everyone's wages. We are entering neo feudalism.

• awksedbashesc 2y ago
  Yep we just work online from home and will have to hustle to make rent each day
• chiefalchemist 2y ago
  Residential and commercial real estate will price what the market can bear. Raise the min wage... Housing will follow suit. Commercial, as I understand it, can't lower prices because that devalues the unit / building. To them, empty is better than offering a lower lease price
  • AlexandrB 2y ago
    So it's a "market" where prices can only increase. Seems like something will have to give eventually.
    • chiefalchemist 2y ago
      It's not only that particular market, it's effectively the whole credit based economy, underwritten by a financial system that fuels it. When credit and large assets are involve, these system(s) are intentionally tuned to avoid decrease in price. That would ccompletely undermine those entities making the loans. The Fed is on record as saying, "Our target is 2% interest". Imagine that, we're going to devalue your hard earned money 2% a year, and no one cases (because it's passed off with the euphemism "inflation"). We get more efficient and more effective and prices go...up??!! I highly recommend the book "Broken Money". Not so much for the Bitcoin and crypos stuff, but for the lessons on the history of money, the financial system, etc. https://www.lynalden.com/broken-money/ https://www.lynalden.com/broken-money/
  • nothercastle 2y ago
    Illiquid markets have poor price discovery. If the price drops below stated value typically transactions stop but prices take a long time to drop