Inflation caused by massive increases in population (like the 20th century, when 1 billion people in 1900 increased to 6.5 billion in 2000) does drive real estate values, but in a world where inflation is caused mostly by the last gasp of overprinted fiat currency in the heat of collapsing fertility, declining life expectancy, omnipresent obesogens, gender changing hormones in water, and a very obvious depopulation campaign, real estate investing does not make sense everywhere for everyone.
You’d think after the People Republic of China overbuilt and ended up wasting trillions creating over 100 million dwelling units that will never be occupied except by spiders, ants, roaches, and vermin that someone would have figured this out, but nope.
Real estate for housing is consumption, not investment, and it’s kind of a Ponzi scheme or pyramid scheme in that it requires more people to buy endlessly followed by more and more people to maintain prices.
The pyramid vision falls apart when you know how many empty units there are. In addition to the 100 million never occupied units in China, there are 30 million in the USA. And now that people can and do work from anywhere, and NYC and other medical tyrant states are haemorrhaging tax payers, the vacancies will proliferate in Blue cities.
The ponzi vision falls apart because of maximum debt, with the pathetic president reduced to begging for support by constantly pandering by saying “you don’t have to pay your rent” and “you don’t have to pay your student loans”. That’s pretty much the Joe Biden legacy: failing to get any legislation passed and just pretending to be in charge by helping deadbeats to stop paying even minimal debt service, which guarantees collapse as aggressive interest groups seek “fairness” in not having to pay anything for whatever they can avoid paying.
But the bigger more surprising changes are going to become obvious this year and for the next five years as the depopulation tactics bear deadly fruits.
Do you realize how many people in rich countries
are going to die in this decade from iatrogenic causes? Do you realize how many people will be rendered infertile or have only miscarriages or will abort with a pill available by mail?
Half of the world’s GDP is from the PRC, USA, and Japan.
The PRC working age population (19-59) peaked years ago and the place is a CCP open air prison/plantation. The inmates hate it so much that emigration is 1,000x immigration, something that should be repeated in every article when we hear that this official or that official made this statement. Any country that has murdered over 100 million of its own citizens and that has emigration 1,000x emigration is a failed state, and we should stop pretending it can be compared to any modern country and stop normalizing the worst genocide in the 21st century.
The United States of America is also a failed state, destroyed by insanely greedy pharmaceutical companies and sycophantic doctors and “health care professionals” who have achieved the inconceivable: five years of reduced annual life expectancy while getting away with by far the highest per capita spending on medical care.
You’d think Americans would have revolted against this iatrogenic assault when Johns Hopkins revealed that iatrogenic assaults (medical deaths) was the third leading cause of death in the USA, trailing only heart disease and cancer (444,000 deaths by doctor vs. 600,000 by heart disease and 550,000 by cancer/malignant neoplasms).
My own calculations indicate that iatrogenic assaults are now the no. 1 source of deaths in the USA, and you have to be a moron to think that it’s worth babbling about other causes while allowing evil stupid medical murderers to run amok for decades.
What do I mean, run amok for decades?
I mean 500,000 Americans murdered via overdosing OxyContin and its ilk, as pharma companies like Purdue bribe the FDA, CDC, and successive presidents to allow something that looks 90% like heroin if you just spend 10 seconds looking at the molecules and comparing them.
I mean that the man who caused untold suffering during the AIDS crisis, when people with death sentences had to form illegal corporations selling illegal treatments like Ron Woodroof was portrayed in Dallas Buyers Club to survive, is still in charge and still banning authentic treatments.
The USA is a failed state because it has shown no ability to identify and terminate mass murderers as long as they are fluent in the language of medical bureaucracy, no matter how many millions of Americans they kill by giving bad treatments (like Remdesivir the kidney killer poison) while banning and mocking Nobel prize winning treatments.
It’s worth mentioning a nation with both declining life expectancy and declining fertility and below-replacement-level fertility (2.1 babies per couple) is headed for extinction, unless massive immigration or Brave New World hatcheries are implemented as national security measures, but either of these would utterly change the character and it wouldn’t be the same country, and would likely have many secession movements that would break it up.
The third leg of the triad that provides 50% of globs GDP is Japan, which seems to have decided to just give up having sex and reproducing, demographically guaranteeing (because of restricted immigration) extinction in a mathematically forecastable way.
The idea that real estate would be a safe haven even as half the world’s GDP is from nations with collapsing populations shows how stupid conventional wisdom is.
And then there are billions of body bags that have been ordered. Billions of body bags is not a bullish sign for real estate or anything else.
But that’s a different story.
I once interned at Cato, where I read John Allison's book on the financial crisis. He had a similar insight; housing is not an investment since it doesn't produce value per say (like a factory).
I also read somewhere that it's not really worth it unless you plan on living at the same place for some time. I can attest to that; moving is quite a hassle, the paperwork is confusing...
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