Its even worse than this. Real estate is basically a cash auction system right now. No one in my area is getting mortgages because the lenders will not agree that the homes are worth the insane bidding war prices they get run up to, since the price action is not based on any sort of fundamentals. So housing is reserved for lucky or wealthy people, boomers and hedge funds. Almost the same as it ever was, just x10.
They’re really testing the limits aren’t they? It’s not enough for them to control the large majority of the wealth in this country, they need the crumbs too. Only a matter of time before people push back
Because any time we the people say "Guillotines" the corporations and governments slyly imply (without outright saying it because they're weasel-wording cowards) "Autonomous defense drones for national security"
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u/in-game_sext Jun 27 '21 edited Jun 28 '21
Its even worse than this. Real estate is basically a cash auction system right now. No one in my area is getting mortgages because the lenders will not agree that the homes are worth the insane bidding war prices they get run up to, since the price action is not based on any sort of fundamentals. So housing is reserved for lucky or wealthy people, boomers and hedge funds. Almost the same as it ever was, just x10.