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.
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.