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In the USA we get the option to allow the rich to mostly ignore us while they increase their profits, or for them to flat-out enslave us while they increase their profits. Truly the worst time-line:-(.
German here. Same shit with house prices here. Unbelievable expensive. Netherlands, Denmark, Swiss, France all the same. All out of the cheap money/ interests thanks to Lehmans & broker bros.
The only country where housing is affordable is China. They built way too many apartment buildings. Entire ghost towns. People are fucked there as well though. Standard people lost a lot of money. Crazy world.
Yup. Globalization and automation are radically altering the state of our world. Worse, most people just ignore that entirely, probably b/c they simply don't know what to do. e.g., Bezos has his cash from destroying many brick-and-morter enterprises, but he has his rocket so he don't seem to care?
The one beacon of hope is ironically perhaps from the EU, maybe especially Germany? But if even you guys cannot - or really I mean will not - do anything about the housing crisis, then I am not sure that it will ever be done.
Meanwhile, people in the USA are just fucked no matter what, especially with Orange Julius (Caesar) coming back for his second term.