Millennials are the only generation where housing affordability is 35% of a dual income household.
People will have to literally partner up for basic shelter. Most don't realize how problematic that is.
It's regression, sold as progress.
People will have to literally partner up for basic shelter. Most don't realize how problematic that is.
It's regression, sold as progress.
2/ It's going to be a lot worse for Gen Z too if governments still rely on expanding credit for housing.
People aren't going to have the luxury of finding a partner they like. They're going to find partners out of necessity, and can't leave unless they're rich.
People aren't going to have the luxury of finding a partner they like. They're going to find partners out of necessity, and can't leave unless they're rich.
3/ Overall this is going to be a long-term drag on social satisfaction.
What happens when you have angry people that realize they're in the same boat as everyone else, but they know their lives all suck?
What happens when you have angry people that realize they're in the same boat as everyone else, but they know their lives all suck?
4/ You get political extremes. Not what *you* think is extreme today. Real extremes.
You think Trump was bad? Wait until you see what results from building a society around the rate banks can issue loans.
Trump is going to seem like a puppy in ten years.
You think Trump was bad? Wait until you see what results from building a society around the rate banks can issue loans.
Trump is going to seem like a puppy in ten years.
5/ Gustav Stresemann, first foreign minister of the Weimar Republic declared, "Now we have a Republic, the problem is we have no Republicans."
They brought about democracy, but no one was happy with the results. They silenced extremists though. They did this by printing money.
They brought about democracy, but no one was happy with the results. They silenced extremists though. They did this by printing money.
6/ The printing made Weimar "political stability" from 1924 to 1929. Of course, things were only fine on paper – not in reality.
You know the rest of the story.
You know the rest of the story.