This is the definition of broken:
Americans need to earn 70% more today than six years ago to comfortably afford a median-priced home, per Realtor com.
It gets worse: There are now more homebuyers over age 70 than under 35, per FORTUNE.
Do you realize what's happening?
We may be witnessing the end of middle-class homeownership
The post-WWII model of widespread homeownership was built on cheap land, abundant construction labor, and reasonable building costs.
Those conditions no longer exist
@FluentInFinance You hear the term "tokenized real-estate" yet? How about "decentralized autonomous organization"?
My thought is that the people better get started banding together and buying shit REALLY fucking fast, but I don't know how to really set that up. I see a lot of efforts that seem quite focused on collapsing everything just far enough to make it all for sale. Then this shit comes in with the vacuum and we're all homeless.
The process has started in WI already.
@FluentInFinance Trump is a Real Estate guy. His other business is bankruptcy. He's really good at the latter.
Trump wants to sell our Nat forests to crypto holders. He's going to bankrupt us and make that the only way we can get out. The whole country will be for sale. We'll be happy to see the government collapse because we're at war with it.
And then what?
That's one of the scary scenarios bouncing around in this head.
Andrew Lokenauth
derptron