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RE: House, Apartment, Studio, Room... Street? .:. Late Night Blogging
Things look bleak for youngsters when you think how much debt they need to take on to get a roof over their head. Its hard to know if we will ever see the demonetisation of most real estate like before 1971 or an end to landlording where people think buy2let is a business, when they are just middle men stopping people getting a basic necessity the majority of the time.
0.00013382 BEE
Speaking of debt... I was watching a short video from an American guy who moved to the Balkans, where he was explaining the connection between health insurance and the military in the USA... Long story short, he was talking about debt and how young people get enslaved early by taking student loans, and the rest is just adding on top of it... Car loans, health insurance costs, etc... and on top of that, house mortgage (for many it's not even possible)...
I don't see that happening... It is a basic necessity, but I'm not sure there is the will to make it "fair"... It would go against capitalism, and you can't doubt in capitalism... 😃
I tend to agree, people are addicted at this stage to this cheap money. Fiat is going to be around for some time yet.
Whilst the environment is bleak for youngsters, hopefully, if they are not completely brainwashed, there are still many huge opportunities out there for the taking and GenX didn't have Bitcoin back then either, so maybe they can do even better.
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