American Economics Thread

[FriedRiceNSpice]

The tragedy of homeownership is that there is a negative feedback loop.

1. High regulatory burdern and a poor bureaucratic process means that housing developers want to maximize revenue per housing unit, instead of trying to optimize production of housing units.

2. Constriction in supply leads to higher housing costs which causes consumers to borrow more money/invest larger amount of wealth into the house.

3. The high level of investment encourages homebuyers (who are increasingly from the upper-income bracket and therefore more financially literate) to protect that investment by maximizing its value.

4. Ever-rising housing values means more property-taxes for local government, which incentivizes local government to prioritize the interests of homebuyers and banks by pandering to their interests (like maintaining their property values).

5. Local governments continue to support NIMBYism which consequently leads to constriction of the housing supply...

Truly glad the Chinese government decided to act on solving the real estate problem before it is too late.

 

[siegecrossbow]

These kinds of statement are not happening even in third-world country.

https://twitter.com/i/web/status/1785368698284306465

Hey Yellen:

 

[chgough34]

Home ownership among young people in 2023 is higher than it was in 2018.

Please, Log in or Register to view URLs content!

 

[chgough34]

Young people’s are doing a very good job accumulating wealth, basically matching or exceeding prior generations while consuming substantially more.

Please, Log in or Register to view URLs content!

 

[Chevalier]

View attachment 128808

Much like how Atlanticist Europeans and Anglos like to say the East is prone towards despotism, the Anglos and the West have a tendency towards strongman feudalism with a class dedicated towards pederasty.

Truly glad the Chinese government decided to act on solving the real estate problem before it is too late.

The anglo approach is to exploit and profit from natural human impulses whereas the CPC works to cultivate those impulses towards the positive, like controlling the Yellow River or building the Grand Canal for the interests of the people.

 

[Heresy]

Home ownership among young people in 2023 is higher than it was in 2018.

Please, Log in or Register to view URLs content!

Young people’s are doing a very good job accumulating wealth, basically matching or exceeding prior generations while consuming substantially more.

Please, Log in or Register to view URLs content!

Why are you deliberately trying to promote a simplistic narrative of "America's economy is great, nothing is wrong! Rah Rah!" when the articles you listed provide a much more nuanced view of the actual state of the American economy? Further the second article is a straight up opinion blog from someone who clearly has a decidedly un-objective view on the subject.

Why are you engaging in narrative manipulation and misinformation?

 

[RavenClaws]

Unpopular opinion but I'm not mad if in the American media they keeps doing what he's doing, the more the Americans go full Jai Hind the less they will be able to self-reflect and improve their situation.

Currently the neoliberal establishment is grasping at straws to puff itself up in the short term with mass deficits.

If America can get another FDR to reforms themselves they will become much more formidable in the long term.

 

[liamban]

Unpopular opinion but I'm not mad if in the American media they keeps doing what he's doing, the more the Americans go full Jai Hind the less they will be able to self-reflect and improve their situation.

Currently the neoliberal establishment is grasping at straws to puff itself up in the short term with mass deficits.

If America can get another FDR to reforms themselves they will become much more formidable in the long term.

Won't be happening anytime soon. The last one to try took a ride down the road from the Dallas book repository.

 

[chgough34]

Why are you deliberately trying to promote a simplistic narrative of "America's economy is great, nothing is wrong! Rah Rah!" when the articles you listed provide a much more nuanced view of the actual state of the American economy? Further the second article is a straight up opinion blog from someone who clearly has a decidedly un-objective view on the subject.

Why are you engaging in narrative manipulation and misinformation?

1. This isn’t the American Economic Review so I feel no need to engage in dozens of pages to explore every single nuance
2. The second article was a simple analysis of the Distributional Financial Accounts created by the Fed.

 

[chgough34]

Unpopular opinion but I'm not mad if in the American media they keeps doing what he's doing, the more the Americans go full Jai Hind the less they will be able to self-reflect and improve their situation.

The United States has a very large statistical bureaucracy to measure everything under the sun to “self-reflect and improve their situation”, but okay.