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Boomers are the largest private owners of homes, even more than actual corporations that are actively buying and raising housing prices in order to pad their books.
The only way out of this is a financial collapse and that will end up killing millions before the market actually reaches a reasonable price and rate. I don't want this but this seems to be the direction the current macroeconomic conditions are heading.
2024-2028 are going to be some of the most shitty years in human history
I doubt that. Compare your modern life of general comfort to the lives that human beings lived just 200 years ago. I'd much rather live in 2024 America than 1800s America.
Yes, I'm sure the complete breakdown of government and banking institutions is going to maintain a reality just as good or better than the 1800's.
Do you know how to hunt, fish, farm, and prepare all of your own food and shelter? If not, you'd better hope to stay in modern times.
Seriously, people literally do not realize how good life is because all they know is complaining about what's not perfect.
Having electricity, running water, toilets, access to just about any information in the world with the Internet... all that you take for granted. They did not have most of our modern amenities for the vast majority of human history before our modern times. Life was a fucking brutal struggle for survival for much more of humanity then than it is now.
Yea, and I'm making the case that we're heading back there or worse, given the macroeconomic outlook and the overall failing of the regulatory bodies responsible for the banking industries globally.
I have a freezer full of Hot Pockets so I’d say I’m as ready as anyone.