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57284114 No.57284114 [Reply] [Original]

How many of you are exasperated by always hearing this excuse from boomers when say the housing market is extremely overpriced? Yes, technically it's the "free market", but when you really dig deeper and you find out fat cats/whales own the vast majority of the inventory with that inventory being unoccupied, it isn't really the "free" market anymore. It's a market in favor of the super rich. It's only the "free market" for them and the total communism market for those beneath the super rich. This also applies to crypto - if you got in early, it's definitely the free market, but if you got in too late, you'll get devoured and lose everything.

P.S.: If you respond with, "welcome to capitalism," I'm going to need a better explanation than that.

>> No.57284171

>>57284114
it's not even the free market, it was not allowed to crash in 2008 and to this day the Fed continues to buy up billions of printed dollars in mortgage backed securities.

we've not been too far from a fully centrally planned economy since 2008

>> No.57284183

>>57284114
>This also applies to crypto - if you got in early, it's definitely the free market, but if you got in too late, you'll get devoured and lose everything.
playing with leverage, huh?

>> No.57284212

>>57284183
Not me particularly - I'm making the point that if you get into any crypto too late, you'll get dumped on, obviously.

>> No.57284268

>>57284114
the mortgage market is the defacto area of the economy which the federal reserve goes "well we need to stimulate the economy but we don't want to do it with any risky businesses, let's just invest more into housing"

>> No.57284359

>>57284114
Money is freedom, so a proper free market is one in which most people get to deploy capital, prosper, and become free to pursue their own interests as per the usage of market economics. Therefore, I agree.

>> No.57284752

>>57284114
just ask
>do you really believe there are no government policies or practices that result in increased housing prices?
and if they say no then you can bring up zoning laws that restrict supply, mass immigration that drives up demand, the tightly regulated and centrally planned banking system which invests trillions into mortgage-backed-securities because that money has to find somewhere to go or else it will be eroded by inflation (also government policy).

>> No.57284775

>>57284114
you just tell them that it will still be the free market when the bubble bursts and that you will specifically vote against any retard who tries to pervert it by giving then any bailouts and that they should just accept it and go bust

>> No.57284968
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57284968

>>57284114

There is no such thing as anything. It's all chaos. There are no systems. Just individuals taking irrational and emotional actions.

After reading enough 4chan, reddit, youtube and twitter comments, I'm glad most of you are suffering. I hate my fellow man. All you do is bitch and complain. You can't be content with your own life because you are a bunch of failures driven by emotion, envy and preconceived political ideologies. It's pathetic.

>Go to work
Every coworker is bitching about other coworkers or management.

>Go the store
Overhear people arguing on the phone.

>Go to the bar
Everyone is bitching about work and their families.

>Go home
Hear the neighbors screaming at each other and their kids every single day.

I'm getting a cabin and getting away from all of you fucking people. You're all nuts.

>> No.57284982
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57284982

>CRYPTO IS LE BAD

>> No.57284997
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57284997

>It's not really the free market because it doesn't work how I want it to
>the inevitable results of the free market is communism

>> No.57285012

>>57284775
Both parties are pro bailout anon. We don't live in a real democracy

>> No.57285057

>>57284171
Centrally planned? Anon finance has a vested interest in creating a playground for itself for number to go up. Why would they need to centrally plan anything if they already get everything they want out of government without bothering?

>> No.57285092

>>57284114
there are loans for you poorfag, be thankful

>> No.57285133

>>57284114
Do you have literally any info to prove that a large amount of homes are unoccupied?
You guys repeat this ad nauseum but I've never seen proof

>> No.57285147
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57285147

Housing isn't expensive, you're just poor

>> No.57285154

>>57285012
Doesn´t matter, say it anyway just so they can seethe about it, they probably wont even know that unless someone tells them

>> No.57285183

>>57284114
Free markets should only exist within well maintained borders.

>> No.57285374

>>57284968
>There is no such thing as anything. It's all chaos.

give me all your money then

>> No.57285391

>>57284114
I can't speak for other countries but at least here in the UK, every party is corrupt and none will dare adress the housing crisis which is exacerbating, if not causing, every other crisis at the moment.
The worst are the conservatives who, not only will do nothing about it but they will save and pump up that baloon every single time since their main sponsors are rich old people with several properties at minimum, their arrogant spawn and dumb country side fools tricked into thinking they need the tories to protect them from them savage immigrants
> b-b-but Anon! The hordes must be stopped! Voting Conservative is the only way!
Yes, agreed, the boats must sink! Only that the Tories fooled idiots into Brexit to reduce migration yet we just hit a new record of immigration!
Only now, instead of Eastern Europeans with similar culture that have developed over the past two decades and demand standards of living (cutting into the profits of the tribesmen), we get shitskins that are willing to take pathetic pay and give most of it back for a shithole in the wall, driving wages low and rents high.

The solution is clear and easy, right now buying property is easier after every one you get. A progressive tax on properties (we can do it on income but not on human needs?) deincetivises using housing as investments.
Even better, a Georgist Land Value Tax is the best version of capitalism which is why the long noses will never allow it to even be tried.

>> No.57285404
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57285404

The markets the only thing that’s still free. You have all the freedom in the world to consume any of the identical indistinguishable goods the market offers you. What you don’t have the freedom to do is find spiritual inner peace, there’s far too much consuming and work that needs done for you to have time to reflect on reality.

>> No.57285418

>>57285154
Part of the fakeness of politics is that owning people you don't like is the only remaining option because all the real political actions are made impossible. Once you realize this you'll see how common it is

>> No.57285462

>>57284114
You can’t do what you want with your own land, with endless permits and permissions, etc. Not a free market at all.

>> No.57285475

>>57284968
>Complaining about other people complaining on a Japanese manga board

Lel

>> No.57285567

What if we just murdered all of the boomers?

>> No.57286052
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57286052

crapitalism combines the worst aspects of capitalism and communism. The 2008 bailout was the greatest sin of the Bush administration. And that includes the entirety of the Iraq war.

>> No.57286186

>>57284114
>"It'S THE FreE MarKET!!!!

How can be free when it's regulated to hell and there are taxes everywhere distorting the natural order of things?

Please don't be so gullible. Be careful not to swallow communist propaganda.

>> No.57286306

>>57286186
actually being forced to read some dumb bullshit, infocracy by some dumb gook who doesn't even know that the core concept of capitalism is competitive markets, price systems, private property rights, voluntary exchange and competitive markets, spouting some bullshit about how companies use AI and algorithms to turn people into cattle as if the government had nothing to with it, as if it wasn't going on before the internet or as if breaking consumers trust with shenanigans like zuckerberg was a deemed as a valid method of making money

>> No.57287639
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57287639

>>57284212
Unlike the real state and stock markets, crypto currencies have cycles.

It has "pulses", which allow a much more efficient investing plan.

Crypto embraces crashes and booms.

Other assets are always in perpetual growth, therefore you're either born into it or you wait for a forces crash (which happens very rarely in the U.S)

Bitcoin for example went as high as 65K and then back to 17K and now we're already close to 50K, in less than a decade.

What other assets out there do that?

None. That's why you either invest in crypto or you accept poverty or a collapse that will likely happen after we're all dead.

Go be a no-coiner somewhere else.

>> No.57287659
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57287659

>>57284114
Retards don't get free markets only work with luxuries. Not necessities. Though that said contractors should still be profitable. Anyone else should be forced to sell at break even or a loss. There, I just fixed America

>> No.57287667

>>57284171
>not allowed to crash
that too. Fucking JEWIIIIIISH

>> No.57288441

End the fed. Either go back to a monetary standard using previous metals or put the ability to create money back into the hands of the people. Central banking is a keystone institution in the implementation of global communism

>> No.57289046

>>57284114
>"It'S THE FreE MarKET!!!!!"
>investment goes underwater
>ask covernment for free bailout money
>doesnt have to sell house on the free market
>price only goes up

>> No.57289050

>>57284968
listen to yourself

>> No.57289083

>>57288441
>end the fed
this is where semi-based people get it wrong

we actually need the fed/fluctuating rates, inflation etc. in order to have an expanding economy.

The issue is the fed gets either politically pressured into making the wrong decisions and prints too much money, or they get pressured by people who have all the money to make it too easy to get leverage on that money.

realistically they shouldnt be bailing out with as much money, and they shouldnt be keeping rates as low as they are. because it just leads to poor business decisions and investments, and when said investments go under, the fed has to bail them out all over again to keep the game going.

realistically 2% inflation is a good thing becasue wwe have an increasing population, and if you cant get currency into the hands of those new citizens, then you go into a deflationary spiral that causes over saving and not enough economic growth. There is a balance somewhere between deflationary saving/having zero economic growth like japan the last 40 years, and pushing people to have zero savings/bubble economy that results in a very small amount of people owning everything, because the kids cant get any realistic leverage since all the homes are already owned.

InB4 v&

>> No.57289119

>>57289083
>we actually need the fed/fluctuating rates, inflation etc. in order to have an expanding economy.
This nigger fell for the propaganda

>> No.57289129

1970 median home was $24.3k and median household income was $8730. Median sqft was ~1.5k. 24.3k/1.5k=$16.2 per sqft.
2023 median home is 440.3k with a median household income of $70784. Median sqft is ~2k. 440.3k/2k=$220.15 per sqft. 220.15/16.2= 13.6. $8730*13.6=$118,728 aka that's how much the household income needs to be to have a 1:1 equivalent buying power to buyers from 1970 (in the context of purching power for a home specifically not factoring in other expenses i.e. healthcare, etc.). Current household income is $70784 as stated above. To put this into better perspective, this means median househole income would have to rise by 1.68x to have the same exact buying power. The median household income has to be $118,728 to have the same 1:1 buying power as those from 1970.

Also it gets even worse when you consider the average amount of incomes per household used to be one. Now it's 2 so really that 1.68x is closer to 3.36x increase in yearly salary needed across the board to match the same buying power and that's just measuring real estate. Other things have outpaced it. In other words the actual median household income should be $237,456. Not a measly 70k. That's if you want to retain the same 1:1 buying power boomers had. That number sounds ridiculous, but the pre algebra is right there.
In other words America has BEEN dying. Most people just lack the ability to zoom out.

The fed and real estate trading in a way that outperforms income are the roots to all evil

>> No.57289222

>>57284114
Free to fuck you in the ass alright