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Joined 2 years ago
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Cake day: June 23rd, 2023

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  • Yeah - I mean. I’m not an economic analyst by any means, but a lot of people keep expecting a housing market “correction” in the U.S., but one keeps not materializing.

    Usually consumer sentiment is self-fulfilling, but the market and the government seem intent on white knuckling their way through this, through whatever shenanigans they have to pull. Ultimately, I sort of think a hyperinflation scenario is becoming more likely.



  • That’s unlikely to happen, and in my layperson’s understanding, that’s probably as bad as a collapse in housing prices.

    The U.S. housing market is currently supply constrained, according to this Brookings podcast.

    Between the above supply constraints, corporations/venture capital funds snapping up houses, yo-yoing tariffs either driving up costs or creating uncertainty for builders, and climate change rendering millions of homes uninsurable/unfixable in case of disaster, the demand will only increase.

    At the same time, a weakening dollar and soaring rates will make houses more expensive to buy and finance.

    There will be a real-estate reckoning. I just don’t see it happening irrespective of other factors. I’m more worried about people who don’t have a house or don’t have some way to protect themselves from the economic hell that has yet to unfold.


  • I don’t disagree that there is a strategy of downplaying not just Biden’s, but every politician’s health conditions.

    I used to have this absolutely incredible writing professor, who, at 85, told us on the first day of class that he was dying, and had been for 4 years. He even had a blog about his reflections on mortality that he invited us to read. He had prostate cancer. I don’t remember the details, but they couldn’t operate to remove it or do chemo, but it was the kind that is hormone sensitive. They gave him a drug that destroyed his body’s ability to produce testosterone, so the cancer just stopped growing. He died at 90 - 9 years after his diagnosis. 10% extra life for him.

    No two people and prognosis’ are alike but the possibility exists they might be telling the truth about managing it.








  • I know of an organization attached to a prestigious university that solely exists because at the end of some billionaire’s life, he decided he wanted to chuck some cash into a foundation to try to burnish his image.

    But he was so morally corrupt that his version of helping others was to mandate that the foundation focus on “helping” people in developing countries find business opportunities.
    Read: they assess how people and environments can be exploited for capitalism while focusing on telling stories about how that exploitation improved the quality of life for people there.
    Most of the professors who work with the foundation are very wealthy from their non-academic pursuits.