@jonbrooks Not sure why so many people ignore the median-price to median-income chasm that currently exists. How much bigger does the elephant in the room have to be? And manipulating interest rates is NOT the fix because that is an inflationary disaster.
@VladTheInflator The amount of stretching people are doing to get into homes these days (omitting cash buyers) means we are going to see a shit show when a real recession hits.
@RonDeSantis Rates are at their long-term historical norm. House prices need to be allowed to fall naturally without any government or Fed intervention. Let cyclical recessions, baby boomer attrition and divorce do their thing.
@Milajoy This argument uninentionally benefits cash buyers. Your angle is that you have been in your home long enough to have more than paid your fair share into the system. This should be more age-based regardless of whether the home is owned outright.
@mukund You should report this merchant to Visa for surcharge non-compliance, since you cannot pay with cash. They will investigate this and the fines can get pretty hefty. Note that is only for the 3.5% piece of the bill.
@jonbrooks Someone convinced the masses that homes should be treated as some hybrid asset that captures gains like equities but whose downside risk should be equivalent to government bonds.
@stelzner_n1150 Over time, valuation metrics always revert to the mean. In this case, median price to median income. Housing is long overdue for a correction.
@BoringBiz_ If this true, then how do you define the "new" roles for these analysts when Claude or Chat are doing the cognitive heavy lifting? What is the incremenal value they bring?
@VigilantFox@elonmusk This whole "follow your passion" idea seems overloook roles like the military, oil rig workers, sanitation jobs, changing diapers of the the elderly. The list of hard but critical jobs is endless. Or do these folks not get to particpate in this utopia?
@0xrndusr@PeterSchiff It will be spiking job losses (near term) and dying baby boomers (longer term). The latter will have a larger impact because large numbers of beneficiaries will not be able to afford the carrying costs of these houses nor do they want to be landlords.