3 ms·

> Basic necessities are expensive There is going to be a well-deserved shitshow when these IPO proceeds start hitting real estate markets.

sailfast 5mo ago
A shitshow for whom? I see it as extremely unlikely for the United States of America to not allow individuals to purchase things for whatever money they can pull together. The only answer is to make it unacceptable socially, more costly economically (taxes, etc), or the third option which involves pitchforks (perhaps that also falls under "unacceptable socially") that I hope we can avoid at all costs. (is this the show you mention?) Feels like folks used to understand the balance a bit better - but I think I made that up. This next governance cycle is going to be a trust-busting, wealth-confiscating one I think.
- JumpCrisscross 5mo ago
  > shitshow for whom? I think there will be a tremendous political opportunity in the next 6 months to capitalize on rage in cities against new tech wealth driving up housing costs.
  - throwawa1 5mo ago
    Housing prices aren't going up. They peaked in late 2022. Boomers are a huge generation, with homes millennials and Gen Z can't afford to buy. And they are smaller generations.
    - JumpCrisscross 5mo ago
      > Housing prices aren't going up Where? Rents and home prices are increasing in most American markets.
      - throwawa1 5mo ago
        Everywhere. I own a home in California - prices peaked in the state in 2022. Here is a map of home prices: https://www.reventure.app/map https://www.reventure.app/map
        cloudfudge 5mo ago
        I just poked around in your reference and every county I looked at in california is near all-time highs (higher than or equal to 2022) except for the northern nowheresville counties.
      - dh2022 5mo ago
        Not for apartments / condos in Seattle. I looked today on Zillow and lots of apartment rentals advertised 2 weeks or 1 month free rent. Lets see what happens.
  - Avicebron 5mo ago
    :)

sailfast 5mo ago

A shitshow for whom? I see it as extremely unlikely for the United States of America to not allow individuals to purchase things for whatever money they can pull together. The only answer is to make it unacceptable socially, more costly economically (taxes, etc), or the third option which involves pitchforks (perhaps that also falls under "unacceptable socially") that I hope we can avoid at all costs. (is this the show you mention?) Feels like folks used to understand the balance a bit better - but I think I made that up. This next governance cycle is going to be a trust-busting, wealth-confiscating one I think.

JumpCrisscross 5mo ago
> shitshow for whom? I think there will be a tremendous political opportunity in the next 6 months to capitalize on rage in cities against new tech wealth driving up housing costs.
- throwawa1 5mo ago
  Housing prices aren't going up. They peaked in late 2022. Boomers are a huge generation, with homes millennials and Gen Z can't afford to buy. And they are smaller generations.
  - JumpCrisscross 5mo ago
    > Housing prices aren't going up Where? Rents and home prices are increasing in most American markets.
    - throwawa1 5mo ago
      Everywhere. I own a home in California - prices peaked in the state in 2022. Here is a map of home prices: https://www.reventure.app/map https://www.reventure.app/map
      - cloudfudge 5mo ago
        I just poked around in your reference and every county I looked at in california is near all-time highs (higher than or equal to 2022) except for the northern nowheresville counties.
    - dh2022 5mo ago
      Not for apartments / condos in Seattle. I looked today on Zillow and lots of apartment rentals advertised 2 weeks or 1 month free rent. Lets see what happens.
- Avicebron 5mo ago
  :)