Dear Americans
Not a single news outlet aired President Biden's event at the White House just now where he announced over $40 BILLION in investments to expand broadband across America. Thank you, President Biden!
When will President Biden get the coverage & credit he deserves? This is why our media fails all of us.
@alexisdyslexic @skykiss the biggest losers in the WFH shift are the cities themselves. Entire economies absolutely up ended and simply won't recover. A shift from office space to residential would be the best choice for cities but it's an expensive retrofit to do in a short timeframe.
Corps and property owners lose as well but they can write it off and move on to other things.
@pixelpusher220 @alexisdyslexic @skykiss
And the people who insure the mortgage contracts are paying a lot of attention to the wildfires and the flooding.
There are a lot of places that won't get financing, so the land is worthless.
@pixelpusher220 @alexisdyslexic @skykiss
As the USA economy, like China and the UK, is heavily dependent on the mortgage, so any twitchiness in the housing market ripples out to the rest of their economies, and, then out to the rest of the world.
@BillySmith @alexisdyslexic @skykiss Indeed. One of the strengths of the US market historically is the rapid dissolution and re-constitution. People and corps will take sizeable baths...but the quicker it happens the faster some sense of recovery can happen.
The kicker here is the centralized city could be counted on to bounce back...eventually. A lot less bounce likely this go round
@pixelpusher220 @alexisdyslexic @skykiss
https://www.youtube.com/watch?v=BORHRKg-VoI
While Vinay is talking about Ireland after the crash in 2008, what he says still stands.
Construction technology has moved on, so it's way cheaper to build, but the housing codes have stayed the same.
Regulatory capture blocking proven, and insurable techniques.
Housing now has utility value, but the "store of economic wealth" is on the way out.
That's one of the roots for our current inequality.
♾️🇺🇦 Vote Midterms
AlexisDyslexic
Pusher Of Pixels (old account)
Billy Smith