OPEC, Petrodollars, and the 1980s Homeless Crisis (2017)

...What assets do, if those holding them have any say in the matter, is appreciate. After all, why not? You've already got the thing, all you need is for it to increase in value. One classic mechanism for which is to constrain the supply. And there are lots of ways to do that with housing: big lots, big houses, construction and zoning laws, lousy infrastructure (crime, schools, transportation). So that the limited supply that is attractive keeps getting bid up. That's one of the big changes. And it was happening like gangbusters in the 1970s and 1980s especially, and since.

At the same time, a bunch of the upward-mobility-escalator stuff starts disappearing. Especially factory jobs, that let high-school (or less!) educated people, and especially males, earn a solid, high-income, and really fucking reliable income....

A thinking-out-loud piece I'd written back on G+ (hence the IA link), on how homelessness kicked off bigtimes in the US in the late 1970s / early 1980s, perhaps as housing became financialised due to A Combination Of Many Things.

Stumbled across this looking for other things (as one does) and thought it might be of interest to others.

https://web.archive.org/web/20190115035057/https://plus.google.com/104092656004159577193/posts/eDscpi6Kg7L

HN discussion: https://news.ycombinator.com/item?id=43294222

#housing #homelessness #financialisation #finaicialization #opec #petrodollars #AssetInflation

@GhostOnTheHalfShell

> "the wild inflation (…) never emerged"

Asset inflation is still #inflation. The #hedonicAdjustments in how it's measured (by removing #assetInflation) are signs of a collapsing system vying to maintain ppl's confidence. Anyway inflation has emerged, and has signs of not going away anytime soon, in fact acceleration seems inevitable, but that is our opinion taking into account only want we (DSFGS) have learned.

@jollyrogue @feld @fuzzychef @sjvn @oneiros @ariadne

What happened to turbocharge art auctions in about 1974?

Google Ngram Viewer for "art market", "art auction", "Christie's", and "Sotheby's":

https://books.google.com/ngrams/graph?content=art+market%2Cart+auction%2C+Christie%27s%2C+Sotheby%27s&year_start=1800&year_end=2000&corpus=15&smoothing=3&direct_url=t1%3B%2Cart%20market%3B%2Cc0%3B.t1%3B%2Cart%20auction%3B%2Cc0%3B.t1%3B%2CChristie%20%27s%3B%2Cc0%3B.t1%3B%2CSotheby%20%27s%3B%2Cc0

#Art #ArtMarket #ArtAuctions #Sothebys #Christies #assets #AssetInflation #Ngrams

"Gotta engage in #medicalExperimentation. Think of the #healthInsurance premiums if a breakout started there!"

Seriously… f%cking #premiums?!

Not a single person needs to worry about the health of #healthInsurance firms.

They (et al) have a #moneyPump and they've been using it for almost two years to steal **#tangibleAssets** from us. Do we really think they are not #moneyLaundering those funds through #BigFinance first?

#assetInflation #howVeryKeynesian #bitcoinCoreFixesThis #australia

@zleap
Thanks Paul.

Year of Fedi is a long year that spans more time than expected. Sort of like how the inflation is #transitory and should not last long.

Actually haha, that might be the new hashtag.

#theInflationOfFediverseIsTransitory

#theInflationIsTransitory #assetInflation #howVeryKeynesian

@PaulaToThePeople @humanetech

Nice to see #CoryDoctorow being a shill for the beneficiaries of the ponzi — a person who enjoys watching (his?) #assetInflation, no doubt.

Inflation is a stealthTax. The top 1% and those closest to the moneyPrinting are the benefactors when #moneyPrinterGoDrr and its why we support a UBI that goes up slightly with age and Bitcoin (and Monero).

#howVeryKeynesian #MMT

Invest in property,
Enjoy asset #inflation,
Get rich quick.
Burn in hell.

#speculation #getRichQuick #assetInflation #whyBitcoinCore #moneyPrinterGoDrr #bitcoinFixesThis