Is it really this bad? https://m.youtube.com/watch?v=i5n-xo6DsL8
Yes, and this is why boomers will NEVER allow more housing to be built. A lot of boomers secretly have almost no cash/stocks and all their money is in muh house. They will crash the housing market with no survivors rather than devalue their only asset.
>>61648752Buy an ad next time, Chris
>>61648752I hate most guys who try to be influencers so I'm not clicking your link. On the other hand, if you don't count home equity for net worth then everyone should start in the negatives, not zero. Also you can actually sell and start renting.
>>61649177if we tracked residential real estate as an asset class like we do with everything else we consider "wealth", the total market cap would blow gold out of the water. but homes are less liquid than even gold. it's not "monkey nft" level of inflated wealth, but it's a glaring example of artificial scarcity. and it's causing immense damage to society
>>61648752At least he stopped wearing dresses after his teenage years!
>>61649237Kek saw that too
>>61648817Exactly. People talk about day of the pillow but if you actually want that just build housing and watch how the boomers recoil
>>61649207Real estate IS an asset class and it already DOES blow gold out of the water, gold is nowhere near the biggest asset classes lmao. "Artificial scarcity" isn't a thing either, it's a matter of supply and demand. There is more demand than supply thus prices go up. And the solution is to stop importing millions of shitskins, not concreting over every square inch of countryside. This place...
>>61648752poor people love real estate and bonds. sometimes their wives let them invest in dividend stocks.
>>61649313Perfect encapsulation of the mind of the average right winger. Shrink and destroy to protect your own wealth
>>61649313you are genuinely <100 iq
>>61649313>Artificial scarcity" isn't a thing either, it's a matter of supply and demand.Do you understand that boomers have a veto on building any new homes you niggerThere is NO AMOUNT of demand which will create any new supply of land.
>>61648752>The net worth of people excluding the thing people spent multiple 100,000s onMeme
