• 0 Posts
  • 49 Comments
Joined 21 days ago
cake
Cake day: February 20th, 2025

help-circle




  • Well they’re keeping all their confiscated shitcoins, and they’re finding a budget neutral way to buy additional Bitcoin, according to the white house website.

    As far as pilfering, the money supply grows at nearly 10% a year, gold prices rise 10% a year, housing a bit less; but its still a great store of value. If you believe in housing bubbles that gatekeep necessary goods behind 30 year loans, and you believe in misallocated capital that requires progressively larger bailouts, then the existing system works great.












    1. The state of the housing market has nothing to do with immigration and those who want you to believe it has wants you to be mad at a scapegoat so that you won’t look at the real issues.

    Alright well, that’s just silly. Even the Bank of Canada admits its inflated housing.

    Carney never said a single thing against mass immigration until Trudeau did, and it was only after the polls turned deeply negative for the Liberals. The Liberals didn’t care at all until their polls suffered, even though they ran on fixing housing every single election.

    It was done to invert the Phillips curve and prevent a wage price spiral, at the expense of the poor and renters, so I actually assume Carney told him to do it.





  • Profits are why developers build housing, for consumers its an inelastic good obviously.

    We have simply made land costs too valuable via regressive zoning and greenbelt, alongside the slow bureaucracy, poor mass transit. Then you have high developer taxes as I mentioned, which directly erode profit.

    When supply is diminished and debt is cheap it becomes a liquidity sponge where supply doesnt increase to match capital, and people speculate on rising values like they do Bitcoin or gold, except with cheaply borrowed money that is insured and a liability to our own government as they buy half of all mortgage bonds.