this post was submitted on 28 Jul 2024
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Housing Bubble 2: Return of the Ugly

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A community for discussing and documenting the second great housing bubble.

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submitted 4 months ago* (last edited 4 months ago) by SeattleRain to c/housing_bubble_2
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[–] [email protected] 65 points 4 months ago* (last edited 4 months ago) (2 children)

Who cares, let population decline for a generation or so. Maybe we will stop producing so much shit and scale back

[–] UnderpantsWeevil 23 points 4 months ago (4 children)

let population decline for a generation or so

But that's bad for the Big GDP Number

[–] HappycamperNZ 9 points 4 months ago (1 children)

Not necessarily - less people means lower unemployment resulting in higher wages to attract people to your organization (income is directly linked to GDP). Phillips curve relationship.

Its a bitch for inflation though.

[–] Szyler 1 points 4 months ago* (last edited 4 months ago) (1 children)
[–] [email protected] 2 points 4 months ago (1 children)

![description goes here](link to gif goes here)

[–] [email protected] 8 points 4 months ago (1 children)

Oh no, not the economy!

Anyways...

[–] UnderpantsWeevil 5 points 4 months ago (1 children)

The Economy is kinda important, especially when the big Economy Computer starts telling everyone that a downturn in Brawndo sales means they're all homeless.

[–] [email protected] 2 points 4 months ago (1 children)

Big Economy Computer? I didn't know USSA already have built communism.

[–] UnderpantsWeevil 2 points 4 months ago

https://en.wikipedia.org/wiki/The_People's_Republic_of_Walmart

With the size and scope of modern American mega-corps, we're closer to it than you'd think. Hayek's economic calculation problem is functionally solved.

[–] [email protected] 6 points 4 months ago (1 children)

Yeah but the GDP per capita will skyrocket.

[–] UnderpantsWeevil 2 points 4 months ago

Transforming America into Monaco.

[–] [email protected] 3 points 4 months ago

Would that be the worst thing in the world? Probably not

[–] pyre 15 points 4 months ago (1 children)

that's not how capitalism works. if you're not selling enough shit you find a way to make the same people buy more or pay more. line must go up. no scaling back. line must go up.

[–] Dkarma 15 points 4 months ago (3 children)

But, now hear me out...what if it doesn't..

[–] [email protected] 11 points 4 months ago (1 children)

I don't understand... Are you saying, line go down? I've never heard of such a thing

[–] HappycamperNZ 8 points 4 months ago

You've never seen my bank account ....

[–] pyre 10 points 4 months ago

hahaha... haha... ok now that we laughed at that ridiculously absurd idea, let's watch the line go up.

[–] Cryophilia 6 points 4 months ago

If line stays flat? Things kinda gradually get shittier for a while.

If line goes down? Economic collapse. Riots in the street. Civil anarchy. Homelessness and crime will skyrocket.

Those of you who have never taken an economics class think this is satire.

The problem is when corporate profits go up but wages stay flat or go down. Or when wages go up for some but not for others.