Quote (excellence @ Aug 11 2020 10:51am)
yeah residential real estate intended for homeowners (and not large corporations buying buildings and leasing them out) is and will continue to see growth. as cities remain stagnant due to covid-19 (and even with a vaccine it will take years, if ever, to get back aspects of city life that make it so enticing) it really is a better long-term option to pay for a place and fix it up.
then again a lot of these millenials will buy several houses, use their own funds to fix them up, and then rent them to others. and the usual suspects here will call them slumlord landlords :rofl:
and this is isn't a trend that is unique to millenials. the average age millenial is probably close to 30 now, thats give-or-take the time people have started families and decided to shift out of the city life and into a house they own.
in a few years ill be buying a cheap rental property or two. all part of the master plan. then ill be a slumlord too lol.
Quote (ofthevoid @ Aug 11 2020 10:56am)
Who's talking point is that lol?
That's just me giving a macro econ explanation of what's happening and what might happen.
Dude our labor force participation rate is dropping like a rock. Are wages are stagnant. Our currency value is being killed. You have half of the country that thinks we deserve free housing, free healthcare, free fill in the blank which will only further rape productivity because a higher % of our gdp would have to go towards servicing the debt. We've maintained our econ prowess because we develop so much innovation. Higher taxes that need to fund your wish lists kills that. Higher taxes means a greater % of your revenue going to taxes squeezing margins, ultimately squeezing investment. If only some of you were literate on the mechanics of macro econ we'd be infinitely better off. But here i'm talking to someone that thinks government is the reason innovation happens and only if more companies were owned by gov't then it would happen at a similar rate :rofl: .
I'm talking a wholesome look at all of the socialized programs & current demands not just healthcare, where did i single out single payer or is that what you're latching on to hop on my dick? I parrot things from my formal education on the mechanics of money.
perhaps you're just too daft to understand how conversation works in humans. u said the GOP wants to fix institutions like healthcare too, and that the dems will make us venezuala lite. the dems want single payer. so by social elementary level math you dont want single payer AND think single payer makes us venezuala lite.
but im sure you have a healthcare plan to make healthcare bankruptcy not a leading cause of homelessness. since you know, u care about people and aren't just a heartless parrot.
its funny that u wrote that whole mess of a post in the first place as if anyone in this sub doesnt fit into 2 categories: 1.) knows void is a selfish uncaring person, 2.) is uncaring themselves and agrees with your selfish wants.
dems ideas are flawed generally, but at least they dont lie to themselves about being caring of others just so they can fluff their bank accounts, theyre hypocrites too just not when it comes to treating down and out people poorly.
This post was edited by thesnipa on Aug 11 2020 10:14am