/biz/ - Business & Finance

>>18589195
I honestly wonder how long this financing cycle can go on for, especially with every crash siphoning more and more money from the 99% up top and wages continue to stagnate. How long before the economy of selling people shit they don't actually need stops working because they can't afford it? We need a debt jubilee soon, or else what is the endgame?
>>18589345
And to add to that almost all new apartments and condos being built now are 'luxury.' Fucking no one builds low income housing anymore, which is one of the biggest reasons in Miami, Seattle, LA, etc you have giant ass slum neighborhoods *everywhere* while all these new developments are vacant most of the time. Anyone with a brain realizes California needs low income highrises for all these people, how do you think so many people live in Japan? But California NIMBYs absolutely dominate zoning and development and won't allow it cause they make moneh off their inefficent single occupany homes and disgusting highrises would drive property values down. It's downright parasitic and the Cali Democrats are so corrupt they can't possibly do anything about it other than try and act as woke as possible instead of taking on these greedy fucks and actually develop some dam housing.