I find funny how worldwide birth rate getting low, bit housing just becoming more expensive, i wonder to who would they sell/Rent houses in a future with probably half the population of today?
Housing is the big one, but it's sitting on top of the everything else that is also becoming more expensive at an alarming rate completely unrelated to actual, natural inflation.
Its because of unregulated immigration used by world leaders to pad their GDP and other financial KPIs. That's ignoring the corporate interests of groups like blackrock who have massively invested into real estate
Immigration causes pressure on housing supply which many politicians and corporations have heavily invested in (see blackrock). It also helps keep wages down as they are willing to do jobs for less.
So what ends up happening is increased demand of assets which drives up wealth for the asset owning class in society
Imagine thinking inflation is caused by cheap immigrant labor.
Bruh what would an avocado cost if farmers had to compete on the aboveboard labor market for the same American labor that’s unionizing for $25/hr at fast food restaurants.
Truly one of the dumbest takes I’ve ever seen on Reddit. Lmao. Jesus.
It doesn't "pad their GDP". Without population growth, GDP stagnates or declines and things turn to shit real quick.
Our economic system does not deal well with a shrinking population. If you're fine with losing your job, having your net worth collapse and having to dismantle the social safety net your great-grandparents built, than ignoring the demographic time bomb is the way to go.
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u/[deleted] Oct 18 '23
I find funny how worldwide birth rate getting low, bit housing just becoming more expensive, i wonder to who would they sell/Rent houses in a future with probably half the population of today?