“Erased all gains” the demon thinks this is a bad thing
I would so gladly have my home crater in value if it meant the whole market was corrected and housing was cheap for everyone
Good news!
Oh wait…
Eta: there’s a difference between “cheap” and “inexpensive.”
I tell people all the time that unless you a) own extra houses you’re getting rid of, b) are planning to significantly downsize, or c) are going homeless, rising house prices will not benefit you.
These are homes, lmao. How do these devils write this down and not expect people to see that? It’s one thing when you show the S&P 500 and people see their retirements, it’s another entirely when you talk about housing prices. People can tell that this means cheaper living. This is horrible agitprop for liberals and works against capitalism by sharing it.
Please let these hilarious self owns continue…
@xiaohongshu@hexbear.net had a good analysis of the “housing market crisis” in China.
Iirc it was something along these lines: when China opened to foreign investment, some port and industrial cities were obviously better investments for capital, and those few cities found themselves flush with cash. Other cities, eager to get the same influx of cash, but without the lucrative investment opportunities, started selling land(?) and a real estate speculation and housing bubble emerged. But now with housing prices on the decline, the investments aren’t showing returns, and that’s bad for city governance? Idk, my understanding is fuzzy, but there is some nuance to running a state, who knew
Edit: it is maybe this post. Comrade writes an essay for every post and I got tired of scrolling
I think the problem is that local governments took out loans/issued bonds on property tax revenue estimates for property that now cannot be paid back at its initial valuation? Common L for liberals planning debt repayments on line go up instead of fiscal sovereignty.
I set em up, you knock em down
The lying machine says you can get a high rise apartment the size of my house for 100k in an area with $500/mo cost of living including housing
Next they will be mad that food is also getting cheaper?
i hate it when poor people can afford healthier food
those brokies should only be eating flour and corn syrup slop like real poors!
