I currently only make $23 an hour. By the time I reach 56, I still wont be able to take a loan on a house because I don't make enough. As they told me last year.
A 2 bedroom near a school for the child, $422k.
Then we found out that the city moved an illegal family into a house that was foreclosed on by the bank, and now the banks are suing the city for using the banks property without permission.
Once boomers start to die off en masse, and younger generations can't afford a house, the housing bubble will burst. The bankers in charge will certainly try to mitigate it, probably by bailing out the housing sector, to keep prices high, and mass importing even more foreigners and giving them those houses.
Hopefully, by that point, enough downward trends will join and all of Western civilization will collapse, allowing us to boog 2 our problems away.
I currently only make $23 an hour. By the time I reach 56, I still wont be able to take a loan on a house because I don't make enough. As they told me last year.
A 2 bedroom near a school for the child, $422k.
Then we found out that the city moved an illegal family into a house that was foreclosed on by the bank, and now the banks are suing the city for using the banks property without permission.
It's all fucked.
Once boomers start to die off en masse, and younger generations can't afford a house, the housing bubble will burst. The bankers in charge will certainly try to mitigate it, probably by bailing out the housing sector, to keep prices high, and mass importing even more foreigners and giving them those houses.
Hopefully, by that point, enough downward trends will join and all of Western civilization will collapse, allowing us to boog 2 our problems away.
Also the local governments want to keep prices high so they can rake in record high property tax revenues.
True, but any idea on how they'll be able to maintain the prices high, while everyone is selling and no one can afford to buy?