Posted on 07/11/2023 9:01:13 AM PDT by millenial4freedom
A: Resident Retard and his handlers.
We’ve known this economic fact for over 300 years: Printed, fiat, centrally-controlled and manipulated money ALWAYS benefits money-issuers, government and the rich, at the expense the rest of society.
It ends in vast wealth-inequality, inflation, and massively bloated/corrupt government.
The USA will not avoid the fate of Rome, France’s Ancien Régime, Ming China, etc. etc.
I think that, in the wake of the china-disruption, there’s a big shakeout going on. It’s in education, workplace, employment itself and, yes, housing.
When a big shakeout is going on, people have to scramble to find what is doable for them. In this case, housing, people have to determine what they can live without, scramble for it, then get on with life — always on the lookout to improve their lot.
Like Paul said to Timothy: “Godliness with contentment is great gain.”
There is some truth to the article. Higher end properties have been replacing older dilapidated “low income “ housing. The bigger issue the corporatization of rental ownership. I owned properties, 5 in total. I could offer below market rent for above market quality to low income folks because I was working full time and didn’t need the money. Renters paid my taxes, any loan I might have and my repairs while my net worth grew. My competition was others doing the same thing. Now, the competition is huge corporations with plenty of money. They have Walmarted the market.
The other part of the equation is the rent moritoriums put in place due to covid. Owners got F’d. Now it is payback time.
I am glad I got out of rentals prior to covid. I don’t need the headaches and don’t need the money.
pretty much all a direct result of leftist fascist bidenista policies:
1. bidenflation drove building costs through the roof, resulting in massive appreciation of new and existing housing; housing prices go up, rents go up ...
2. subsequent interest rate increases attempting to cool bidenflation cause housing costs to go up; housing prices go up, rents go up ...
2. covid lockdowns accelerated work-from-home, accelerating migration from urban areas to suburban areas, causing suburban housing costs to rise; housing prices go up, rents go up ...
4. gross deterioration of inner city living conditions due to democrat-encouraged crime and out-of-control homeless drug addicts clogging public ways accelerated migration from urban areas to suburban areas, causing suburban housing costs to rise; housing prices go up, rents go up ...
5. addictive drugs pouring over non-existent southern border accelerated the number of drug-addicted bums clogging public ways, accelerated migration from urban areas to suburban areas, causing suburban housing costs to rise; housing prices go up, rents go up ...
6. unlimited illegal aliens pouring over non-existent borders are given free housing, reducing housing stocks for working stiffs, causing housing prices to rise; housing prices go up, rents go up ...
7. uncontrolled corporate housing purchases using free trillions of dollars printed by the bidenistas caused housing prices to go up; housing prices go up, rents go up ...
8. energy prices skyrocketing due to rising prices in electricity and petroleum due to insane bidenista energy polices caused building materials to increase in price; building materials go up, housing costs go up, rents go up ...
9. supply line shortages due to lockdowns, labor shortages because of free money, and general transportation incompetence caused building materials to increase in price; building materials go up, housing costs go up, rents go up ...
More fallout from Bidenomics... financial pain for traditional Americans...
Why ???
Joe
I know... Bring in tens of millions of illegal aliens and put them on welfare with housing vouchers to take up any available rental properties.
Aside from the government screwing the economy, people need to learn to budget and use a little restraint in purchasing whatever they lay their eyes on.
Anyone who was working in the late 70’s could tell you.
The RATS have resurrected the world of Jimmy Carter.
Just pay your rent FIRST - it’s a simple equation.
Wait till those on rent modifications get their next bills.
I’m waiting to see what happens when my generation has to pay its student loans...we’re already seeing a lot of shouting and tears.
The US has overinvested in its housing stock for a couple of generations now. The mortgage tax deduction has worked like federal student loans to steer money where it otherwise wouldn’t have been sent.
This also has made the country less wealthy by syphoning funds from more productive investments.
*siphoning*
BIDENOMICS
ANSWER: Communists steal elections
Bidenomics. Done.
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