Comments on: Global Real Estate Bubble Is Now More Overvalued Than In 2006: US Federal Reserve

By: J

Wed, 13 Jul 2022 13:57:15 +0000

Financial serdom to banks and investors. Same pile of crap served up to the unsuspecting/uneducated masses. There’s a reason higher education is so expensive; to keep the poor poor. On top of that, to access the real credit, you have to be in the club. So many things wrong with the global financial systems.

Union busting is the modern day methods of keeping the plebs unorganized.

We can do better.

Definition of serfdom
: the condition of a tenant farmer (person) bound to a hereditary plot of land (housing) and to the will of a landlord (banks/investors/greed) : the state or fact of being a serf Despite obvious personal repugnance for serfdom, she enhanced the powers of nobles to demand more labor from their ill-treated and unorganized serfs.—

By: Jamie C

Jamie C — Tue, 12 Jul 2022 23:32:53 +0000

Euro is now worth as much as the USD. They’re seeing their economy get wiped out.hard assets might be rising in nominal EUR terms but not compared to real currencies.

By: Whiskey Foxtrot

Whiskey Foxtrot — Tue, 12 Jul 2022 23:31:10 +0000

Time for a global flight to the burbs. Fortunately how new cities are made, but I wish they didn’t need to kill cities like San Francisco for ten or so years first.

By: Paul

Paul — Tue, 12 Jul 2022 23:28:47 +0000

In reply to Trader Jim. I also remember “stretching” when I had an entry level job in the late 80s and working a whole freakin summer for a down payment. How long to save for a downpayment now? 7 years on average, more in Toronto or Vancouver? Straight up insanity.

By: Ian Brown

Ian Brown — Tue, 12 Jul 2022 23:25:22 +0000

It’s like we’re finding out recessions can’t just be avoided by printing a buttload of money and restricting output. Clowns in charge of the printer.

By: Trader Jim

Trader Jim — Tue, 12 Jul 2022 23:24:04 +0000

The problem is if you stretched in the 80s to buy a house, your carry costs kept falling as your wages increased. Unless rates are going to -14%, no buyer today is getting the same type of headwind.