/biz/ - Business & Finance

>>55595363
In 1970, my grandfather bought a 4br 2ba Ranch Style home in the Bay Area for $19,500. When he died in 2008, the 3 daughters inherited it. One of my aunts bought out her sisters for 200k. She retired and sold it to me for $800,000 off market. It’s now worth 1.2million.
Imagine that. 19.5k - 1.2m in 50 years.

Funny how the single only reason the economy is so fucked up and everything is so expensive now is because of the federal reserve who basically just decided to give rich people and asset owners tons of money for free for the last 50 years

>>55595414
You don’t think it has anything to do with feminism, mass illegal immigration, and foreign investors?

>>55595421
Now that I've thought it more through I think
>federal reserve
>automation
>tech
>relative growth/development of foreign countries
>decline of America as a world power
>feminism
>restrictive zoning
>turning real estate into a speculative asset instead of it just being a place to live
>america growing complacent as the world leader

fucked everything up

Illegal immigration & foreign investors are just a scapegoat desu

>>55595363
I'd have to grow up without vidya no thanks

>>55595516
>Illegal immigration & foreign investors are just a scapegoat desu
Nah, Canada completes 200k new housing units/yr and takes in 1m+ poo people/yr. If immigration froze for 10 years, quality of life would go on a magical bull run here. Workers would have more bargaining power, homes would have more supply and less demand, you'd have more lending power against an economy that isn't inflating out of control, etc.. Immigration is a hammer meant to bludgeon the middle class to death, pretending otherwise is silly

>>55595684
>we need immigrants to pay for our aging population!
>each migrant brings another 2 aging people with them

The absolute state

>>55595725
>like Canada
FUCK OFF WE'RE FULL! NO MORE JEETS I BEG

>>55595737
Sorry buddy, you are the destination of choice for Pajeets now

>>55595421
>>55595516
It's the kikes

>>55595400
>what is bitcoin

>>55595400
m2
1970: 0.58t
2023: 20.8t

Even in SF, starting before the silicon valley boom, most of the "appreciation" was just debasement.

Short the Shitcoin.

>>55595421
>he fell for the political theater

>>55595785
>Housing is just physical NFTs
Apartment buildings are the real scam

>>55595421
Nope, the political corruption of Money is the cause of our current problems.

1) Hard money forces positive sum activity as everything has to balance.
2) Hard money fell out of favor for transactional not economic reasons during the industrial revolution.
3) Politics always favors soft money because it enables easy and opaque theft.

Social spending acts as a supply-side subsidy for labor, a worker CAN'T sell their labor for less than subsistence, but what happens if we give them food stamps, subsided housing, Medicare etc? Well now they can sell their labor for less than it costs to produce!

But wait! How were those social programs paid for? Deficit spending? Exactly. Deficit spending is an expansion of the money supply (simple dilution), it robs ALL income earners and gives to asset holders (as an increase in money supply will naturally inflate assets), a HUGE and on going parasitic transfer of resources from income earners to oligarchs, THIS is the driving force of the wage/productivity divergence seen since the 60s.

Notice that the fiat grift also suppress incomes of white collar workers by tricking them into believing the nominal gains on house value is wealth instead of inflation, why mechanical engineers etc get paid so poorly, $60k seems like a lot if you bought 30 or 40 years ago, but you haven't gotten wealthy, your real terms income has just drilled through the floor.

Even illegal immigration, generally seen as a driver of wage stagnation, is merely a justification for further debasement, or do you think paco is here for our magic clay and not our social welfare spending?

There are no political solutions, and not in the poltard "violence is the answer" as violence is of course wholly political, there are no political solutions because politics is a memetic parasite that never fixes anything. There are only technical and economic solutions, and BTC is just that, a technical fix for the political corruption of Money.

>>55595421
Sounds pretty shallow desu.

>>55595363
It's not that much different, considering the average income. Also, you have to calculate in the standard of living. I bet farm animals were being treated differently than now. I bet food wasn't as much regulated as it is now, aswell as safety regulations for housing and other standards. Also, most 1970s movies kinda sucked balls. See it this way: caves were practically free at some point in time. Also, you want a cheap house? Go buy one in the middle of nowhere. Then you'll experience the true 1970s lifestyle.

>>55595414

No.

>>55596152
Yup. Fuck the Fiat money system milking us dry

>>55596152
most based post on biz right now

>>55596152
based.

>>55596152
>the political corruption of Money is the cause of our current problems.
simple as