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Joined 1 year ago
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Cake day: July 14th, 2023

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  • I have an oddly relevant story.

    My wife and I got to do a “swimming with a capybara” experience. My wife forgot about the instructions to not wear anything dangly because the capybara may play with it.

    Well, she wore a bikini top that had a big bow in the front.

    That capybara motorboated my wife like he was Vince Vaughn after a dry spell.

    I just turned to the other (horrified) guests, shrugged, and said I didn’t blame him.






  • You just described a somewhat progressive leaning liberal.

    You believe that the government should stay our of our homes, socially. Progressives have been leading that charge for decades, and moderates have been on board for a while now.

    You believe in universal Healthcare and income. Those are very progressive ideals. Those are about as anti libertarian as it gets, because they take away a lot of “individual” freedom, because to fund that, roughly half of your income will need to go to taxes. Maybe more, I haven’t looked at the numbers in a long time, but plenty of current examples to pick from.

    You believe in industrial regulation to combat bad actors when necessary. That is a general liberal ideal.

    Nothing besides keeping the government away from your personal life is even marginally libertarian. And that’s pretty much the only overlap between libertarianism and liberalism.

    This is all from a U.S. point of view.







  • The math shows that a median income cannot even pay a median mortgage, at 100% of income going to mortgage. Mortgage prices translate to rent prices. Not 1:1, but are directly correlated.

    Anyone locked into the before times intetest rates is going to sit pretty if at all possible, because they can’t afford to sell and buy elsewhere without a major downgrade.

    And returning to the low interest rates will just kick the can down the road, because it was a large cause of the runaway borrowing that led to real estate inflation.

    The only way to really fix this is to force the properties out of the greedy corporate / hedge fund hands that are hoarding property that should be in occupier hands. That’s how a healthy society and economy works.

    The pain of this crisis is being felt by many. The more discontent there is, the more pressure there is on politicians to pass legislature to address the problem.

    I don’t have an A --> B plan on how to push the legislation through, but social unrest generates pressure to do so.


  • Legislation could also force a lot of homes on the market.

    Houses and condos should only be available to be owned by individuals. Ban corporate / hedge fund ownership of everything except high density apartments (that aren’t individually owned).

    Ban / cap short term rentals.

    Add a tax penalty for individuals after X properties. Ex: if you own more than 3 residential properties, you pay extra taxes.

    All of these encourage houses to be occupant owned, while still enabling small scale landlords, because we need both.

    I personally would love a crash. I sold my small condo last year in an attempt to upgrade to a house due to getting married and needing more room. I was hoping to time the market, but houses are still out of reach for two middle aged professionals with strong careers, if we ever want to retire.

    Edit - to illustrate the problem. In San Diego, where I live, depending on the source, the median home is about $1m.

    If you take the estimated monthly cost of leading real estate cites, that’s around $7200/mo.

    The median household income in San Diego is $83500.

    Do the math.