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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They just need to work hard like me. (lemmy.world)
submitted 4 months ago* (last edited 4 months ago) by SeattleRain to c/housing_bubble_2
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[–] 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