the people who tell you to pull up by your bootstraps are usually the exact same demographic of people that made the situation so bad in the first place.
I'm skeptical of this statement. Does the Federal Reserve really have that many employees?
Most people just don't appreciate how quickly losing 1-2% of the nation's wealth every year adds up to nobody being able to afford anything.
That's still not what's creating the situation of not being able to own a home.
To me, that is simply way more people and the same amount of space in places where people want to live. The perceived changes in where people want to live are cosmetic compared to the increase in population. hence, why California grows despite people fleeing it.
Essentially, immigration, because our population isn't growing itself exponentially.
I was hoping that a decentralization from downtowns would alleviate some of our problems (traffic). However, it's more like the airline business going from hub and spoke to point-to-point flights. People don't go downtown, but they sure do love commuting from one side of town to another suburb.
I'm skeptical of this statement. Does the Federal Reserve really have that many employees?
Most people just don't appreciate how quickly losing 1-2% of the nation's wealth every year adds up to nobody being able to afford anything.
He is referring to all the old people sucking welfare dollars down at their children's expense.
That's still not what's creating the situation of not being able to own a home.
Welfare doesn't cause year-over-year compounded losses.
To me, that is simply way more people and the same amount of space in places where people want to live. The perceived changes in where people want to live are cosmetic compared to the increase in population. hence, why California grows despite people fleeing it.
Essentially, immigration, because our population isn't growing itself exponentially.
I was hoping that a decentralization from downtowns would alleviate some of our problems (traffic). However, it's more like the airline business going from hub and spoke to point-to-point flights. People don't go downtown, but they sure do love commuting from one side of town to another suburb.
Yes over bloated welfare debt spending creates a debt burden for younger generations that compounds. Its a basic concept.