Posted on 03/16/2026 10:52:10 AM PDT by Mariner
As a cofounder of PayPal and the first outside investor in Facebook, Peter Thiel is widely recognized for his expertise in tech. But for a while now, the billionaire venture capitalist is sounding the alarm on an entirely different sector: real estate.
During an interview with Common Wealth Canada in late 2024, Thiel drew upon the insights of 19th-century economist Henry George to underscore the gravity of America’s real estate crisis (1).
snip
“The dynamic ends up being that you add 10% to the population in a city, and maybe the house prices go up 50%, and maybe people’s salaries go up, but they don’t go up by 50%,” he said. “So the GDP grows, but it’s a giant windfall to the boomer homeowners and to the landlords, and it’s a massive hit to the lower-middle class and to young people who can never get on the housing ladder.”
(Excerpt) Read more at yahoo.com ...
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And it's time for a political party that will talk up this angle.
Housing crisis won’t affect Peter Thiel one bit, he’s just a canary in the coal mine but no one will listen, no one is interested in real solutions except more government spending, and more taxes
It is hard to GAS when most these young
people vote for the very Democrats that got
us into this problem.
dont move to that city then, move to one where it is affordable. Problem solved.
All these people act like the Boomers bought all their homes in the middle of cities.. NOOOOOOOOOOOOOOO!!!!!
They bought their homes WAAAAAAAAAAAAAAAAAAAAAY outside of the cities of the time!!!!!!!!
The cities then GREW over DECADES and what were once homes WAY out in the country out side of the city where it was cheap, became home near the core of MUCH MUCH larger cities many decades later.
Young people want to do EVERYTHING different. They want to buy in the middle of a growing city and then only want to stay in the home 3-5 years.
They will NEVER see the gains boomers did doing that.
Boomers are the main reason why many young people choose socialism
The CRT-Greens have decided that wanting a single family home is an indication of white supremacy.
They choose socialism because they are stupid, and no other reason.
As I learned from a property investment class, the average price a home goes up is 4.9% based on 50 years of data.
Owning a home is NOT a cash register but a solid long term investment.
Back in the 90’s I remember seeing an empty lot for sale on 17 mile drive in Carmel going for 250k.
Seemed really expensive until you consider its probably 10M right now.
Been saying this for 15 years now.
Deport the illegals and MOVE OUT OF CITIES.
Living in a large city is a mistake for many reasons.
Bingo. You nailed it. For my job I used to drive all over the USA. I never took interstate highways. I took the back roads, and state roads, etc. etc. I avoided big cities.
I've seen America first hand. There's more affordable housing than you can shake a stick at. Really, really, affordable housing.
There are no baristas, or Starbucks, or strip malls, or minorities. There are so many minority free areas of the country which are totally safe and crime free and affordable it would make your head swim. You might have to change careers, but it is a small price to pay to live in real America.
Yahoo is rat trash. Just move on.
Most Freepers are Boomers. My guess - 80% or higher.
Exactly. Stupidity and social contagion have ruined our youth for decades now. The fact so many love socialism says everything about them and not anyone else.
I also find it amusing so many so-called conservatives play the generation blame game that the CCP/Russian/commie propaganda organs push.
This process is about at the end of its run. Baby boomers have been splurging on one last real estate purchase for retirement. As that source of real estate funding dries up, increased deportations and the self-extermination crisis causing global population levels to plummet will create a buyers market for decades. Look to the last 35 years in Japan for example.
“Seemed really expensive until you consider its probably 10M right now.”
Let’s say you bought a property in 1990 for $250,000 and sold in 2026 for $10,000,000. Assume the property’s tax value when up each year and you bought and sold it for property tax value. Property tax rate is 1.05% per year. Upkeep was flat $5,000/year. Total state (13.3%) and federal cap gain tax + NIIT tax (23.8%) What was your ROI after inflation? Use consumer rate of inflation between 1900 and 2026.
Nominal annual return ~4.5%/year
Inflation ~3.27%/year
Real ROI ~1.2%/year
The Capital Gains incorporation of long term Inflation in Taxation is a crime.
I wish that I could disagree with you. My age group is more than selfish.
As is the NIIT.
Exactly.
But Trump fooled us on that promise too.
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