im watching this right now and america doesnt have manufacturing jobs really anymore thats why trump and obama got elected. you do have people retiring and an economic cycle of low unemployment.
i watched 22 minutes.....i agree theres affordable housing in some cities. many cities should be way more affordable than they are. theres a small town, population 5000 and housing prices doubled last 10 years, for condos anyways. its disgusting. its 30 min from world class skiing but otherwise its in the middle of nowhere and its surrounded by land.
rents have doubled here in 10 years. incomes have probably gone up a few percent a year. rents in these small towns 1hr or 2 hrs from here are now the same price as the big city 10 years ago. what are those rents based on? just bull
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like banks creating debt.
i wouldve had more respect for the guy if he showed bank profits over time adjused for inflation and housing prices. or consumer debt to incomes over time. because i guarantee you the housing prices are based on something asinine like banks creating debt. its mostly banks creating debt and its wrecking the middle class in many cities.
why listen to this guy? why not listen to a good economist for analysis on the housing market. theres lots of bad economists too.
this is not what i wanted to show. this probably right wing realtor has actually interviewed good economists like steve keen:
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this is what i wanted to show.
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