I wonder if any of them will wake up at all and realise why the housing prices are skyrocketing
I doubt that. For them it is like a natural event, like rain. I had this discussion about immigration with a friend not so long ago, basically I was having another anti-immigration rant and how it helps rich investors and keeps lower income people down and now it hurts us in the middle as well. And his argument was that immigration is happening, is happening everywhere and there is nothing to do about it.
For him it was just there, it's not like policies and laws can affect it in any way, it was not the responsibility of the government either, he has a very strange disconnect for a guy that is very intelligent.
People in the west are so thoroughly brainfucked by decades of incessant propaganda, they're convinced they can control the weather by eating bugs, but controlling immigration or crime or hobos shitting in the streets and attacking random people is unfathomable to them.
For him it was just there, is not like policies and laws can affect it in any way, it was not the responsible of the government either, he has a very strange disconnect for a guy that is very intelligent.
"BRO THAT'S JUST LIFE LOL I'm SO WORLDLY" I can see the whole conversation right now
I actually had to drag a friend of mine through a conversation where he asserted, unironically, that British were not white. That they were, in fact, brown. That a Brit was darker than most Mexicans. And I had to kind of gingerly walk him around the idea that such migration didn't happen naturally, and that even with the mass migration he was looking at, that still wasn't accurate outside of the major cities.
That doesn't work with commercial real estate. Migrants can't buy the property, you need actual businesses to do that.
That 1.2 trillion in losses is going to turn into deflation that the banks are literally going to evaporate. Just like Enron, they are going to create a shell company that will buy all the debt, have the shell company declare bankruptcy, and then have the bank just say "oh, the shell company doesn't have to pay us back." Abra Kadabra: 1.2 trillion dollars vanishes into thin air (because like any good magic trick, it wasn't there when you were first looking either).
This has been a multi-year problem already. What a lot of politicians and elites are doing is buying up the commercial property in the hopes that they can buy it cheap, and then sell it when the economy recovers. Bill DeBlasio did this with the lockdowns in New York.
The problem is that the longer the Commercial Real Estate crisis goes on, the worse those investments become, and Leftist policies have done nothing to help this situation.
I actually think the situation is going to become significantly worse. When the recession finally hits this year, there's going to be even more loss of property, and so prices are going to drop even harder, even the ones that have already been purchased. But if Trump wins, those commercial properties in blue cities aren't going to get better because Dem policies & taxes are still fucking psychotic. Trump's already said his plan is to build new cities instead (meaning fund & subsidize republican majority cities). Meaning that the depopulation of the current American cities is going to continue; which means that the current owners of that cheap property are going to sell, and drive the value of commercial real estate in Dem cities down even further.
These idiots are playing themselves into turning places like New York, Los Angeles, Seattle, Portland, Baltimore, and Philadelphia into fucking Flint.
I agree somewhat but in a longer term, like 10-15 years immigration makes house prices reach insane levels. I guess is part of the plan.
But in short term, your scenario seems much more likely.
I've noticed IT companies encouraging going to the office more and more. I doubt is anything to do with productivity and everything to do with higher ups having money in investment funds.
There is a genuine argument to working in the office if you are genuinely working to build a good culture within your company. No idea if that applies to her place though.
It culture is not good if we're being honest. The days of anti-social nerds that found a community to laugh and drink a beer after work is over. It was over once affirmative action started.
The level of discrimination in IT is insane. I used to handle tech interviews on my previous job, the manager said that any woman that comes in will get an offer. There were some very incompetent women that got an offer, some of them accepted, they did poorly and then they left the company a year later, for more money at a different company.
There was also this white dude, 20 years old, very dedicated, I talked to him about what he was doing, he has a very cool setup at home, very self taught, came from a poor background, the guy had a clear passion and did better on tests then a lot of guys with more experience then him. Management did not like him. Not long after that I just quit, it hurts the soul.
Now imagine having to go the office and share in the globohomo culture there.
I haven't really encountered that, mostly because where I'm at all IT jobs are inherently sparse (this area is not a high-demand tech sector). I think that might be the case in most US major cities where tech is a big deal.
The days of anti-social nerds that found a community to laugh and drink a beer after work is over.
Meh, you can still find that culture, it's just a lot harder to come across now. Basically if your office is a bunch of White guys who are into tech you can have that, but policy is that everyone has to force in some women and diversity hires to fuck everything up. I have never had a better work environment than when it was exclusively White male nerds. The fact that we aren't allowed to have that anymore is nothing short of criminal and I mean that sincerely and without an iota of hyperbole.
Retail Real Estate is and has been having serious problems for over a year. We're starting to see people defaulting on their payments in larger numbers, starting as of June.
No doubt. My issue is that I think there still might need to be a vote to cover the amount of money they actually need to print.
If the Fed actually does print, let's say, 15 trillion dollars, with no request to do so, they are going to get fucking dog-piled by a lot of people in congress who will probably make them lose their jobs.
They'll need a vote to rationalize it at some point.
20% interest was manageable back in the '80s when the national debt was low, not when it's $34 fucking trillion and servicing the debt is 1/5 of tax receipts.
That's the dirty secret no one's talking about. The US is trying to steal push people into bonds, but bonds are shit too. We're spending the money on war and gibs, and other nations are seeing that and refusing to buy Treasuries. It's end-of-empire behavior.
I think the only good news now is that so many gen X'ers, millennials, and zoomers are so disillusioned with the financial sector that there may be real, genuine, political pressure into making the banks fail.
I'm not saying anyone's going to prison or anything, but I think there's a real chance that some politicians might actually get forced out of office if they participate in the bail out, regardless of which side of the divide they are on. It's even possible that we might find some common ground between the populist right & left.
They are already working on resolving it.
Increase immigration => Real estate becomes more expensive => banks and wealthy investors make a ton of money
I doubt that. For them it is like a natural event, like rain. I had this discussion about immigration with a friend not so long ago, basically I was having another anti-immigration rant and how it helps rich investors and keeps lower income people down and now it hurts us in the middle as well. And his argument was that immigration is happening, is happening everywhere and there is nothing to do about it.
For him it was just there, it's not like policies and laws can affect it in any way, it was not the responsibility of the government either, he has a very strange disconnect for a guy that is very intelligent.
People in the west are so thoroughly brainfucked by decades of incessant propaganda, they're convinced they can control the weather by eating bugs, but controlling immigration or crime or hobos shitting in the streets and attacking random people is unfathomable to them.
"BRO THAT'S JUST LIFE LOL I'm SO WORLDLY" I can see the whole conversation right now
I actually had to drag a friend of mine through a conversation where he asserted, unironically, that British were not white. That they were, in fact, brown. That a Brit was darker than most Mexicans. And I had to kind of gingerly walk him around the idea that such migration didn't happen naturally, and that even with the mass migration he was looking at, that still wasn't accurate outside of the major cities.
That doesn't work with commercial real estate. Migrants can't buy the property, you need actual businesses to do that.
That 1.2 trillion in losses is going to turn into deflation that the banks are literally going to evaporate. Just like Enron, they are going to create a shell company that will buy all the debt, have the shell company declare bankruptcy, and then have the bank just say "oh, the shell company doesn't have to pay us back." Abra Kadabra: 1.2 trillion dollars vanishes into thin air (because like any good magic trick, it wasn't there when you were first looking either).
This has been a multi-year problem already. What a lot of politicians and elites are doing is buying up the commercial property in the hopes that they can buy it cheap, and then sell it when the economy recovers. Bill DeBlasio did this with the lockdowns in New York.
The problem is that the longer the Commercial Real Estate crisis goes on, the worse those investments become, and Leftist policies have done nothing to help this situation.
I actually think the situation is going to become significantly worse. When the recession finally hits this year, there's going to be even more loss of property, and so prices are going to drop even harder, even the ones that have already been purchased. But if Trump wins, those commercial properties in blue cities aren't going to get better because Dem policies & taxes are still fucking psychotic. Trump's already said his plan is to build new cities instead (meaning fund & subsidize republican majority cities). Meaning that the depopulation of the current American cities is going to continue; which means that the current owners of that cheap property are going to sell, and drive the value of commercial real estate in Dem cities down even further.
These idiots are playing themselves into turning places like New York, Los Angeles, Seattle, Portland, Baltimore, and Philadelphia into fucking Flint.
I agree somewhat but in a longer term, like 10-15 years immigration makes house prices reach insane levels. I guess is part of the plan. But in short term, your scenario seems much more likely.
You're not wrong, you're just hitting the wrong issue.
Immigration drives up retail home prices right now. It just doesn't have an effect on commercial property prices.
I've noticed IT companies encouraging going to the office more and more. I doubt is anything to do with productivity and everything to do with higher ups having money in investment funds.
There is a genuine argument to working in the office if you are genuinely working to build a good culture within your company. No idea if that applies to her place though.
It culture is not good if we're being honest. The days of anti-social nerds that found a community to laugh and drink a beer after work is over. It was over once affirmative action started.
The level of discrimination in IT is insane. I used to handle tech interviews on my previous job, the manager said that any woman that comes in will get an offer. There were some very incompetent women that got an offer, some of them accepted, they did poorly and then they left the company a year later, for more money at a different company.
There was also this white dude, 20 years old, very dedicated, I talked to him about what he was doing, he has a very cool setup at home, very self taught, came from a poor background, the guy had a clear passion and did better on tests then a lot of guys with more experience then him. Management did not like him. Not long after that I just quit, it hurts the soul.
Now imagine having to go the office and share in the globohomo culture there.
I haven't really encountered that, mostly because where I'm at all IT jobs are inherently sparse (this area is not a high-demand tech sector). I think that might be the case in most US major cities where tech is a big deal.
Meh, you can still find that culture, it's just a lot harder to come across now. Basically if your office is a bunch of White guys who are into tech you can have that, but policy is that everyone has to force in some women and diversity hires to fuck everything up. I have never had a better work environment than when it was exclusively White male nerds. The fact that we aren't allowed to have that anymore is nothing short of criminal and I mean that sincerely and without an iota of hyperbole.
We were lots of guys and a few nerdy girls. I'm still close to most of them. But that was some time ago. I don't see that dynamic anymore.
It's definitely vanishing, I'll grant you that. I just don't think it's fully extinct yet. Maybe that's willful denial on my part, but I hope not.
Retail Real Estate is and has been having serious problems for over a year. We're starting to see people defaulting on their payments in larger numbers, starting as of June.
No one can stop what's coming, gentlemen.
Be The Pinecone.
True. However- The fed doesn’t actually exist to control inflation or create employment (its 2 official mandates.)
The fed’s main purpose is to print infinite amounts of cash to bail out banks.
If the banks are mildly distressed then we will see savings stolen via inflation to prop up the banks.
No doubt. My issue is that I think there still might need to be a vote to cover the amount of money they actually need to print.
If the Fed actually does print, let's say, 15 trillion dollars, with no request to do so, they are going to get fucking dog-piled by a lot of people in congress who will probably make them lose their jobs.
They'll need a vote to rationalize it at some point.
20% interest was manageable back in the '80s when the national debt was low, not when it's $34 fucking trillion and servicing the debt is 1/5 of tax receipts.
That's the dirty secret no one's talking about. The US is trying to
stealpush people into bonds, but bonds are shit too. We're spending the money on war and gibs, and other nations are seeing that and refusing to buy Treasuries. It's end-of-empire behavior.The only good news is we have 13 carriers, but with the military's insane anti-white racialism, who the fuck is going to sail on them?
I think the only good news now is that so many gen X'ers, millennials, and zoomers are so disillusioned with the financial sector that there may be real, genuine, political pressure into making the banks fail.
I'm not saying anyone's going to prison or anything, but I think there's a real chance that some politicians might actually get forced out of office if they participate in the bail out, regardless of which side of the divide they are on. It's even possible that we might find some common ground between the populist right & left.
No one believes it. They are just saying it to make the next gullible idiot take the loss.