linate wrote:
I mean it's like punishingly expensive to do basically anything. It's punishingly expensive to keep yourself alive. And keeping a kid alive and giving them a good life? Buddy, no shot. Birth rate is in decline for a lot of reasons.
A huge amount of this is the retarded war in Iran. And even if Dems/Trump pull out and sign the Obama deal 2.0 it won't do back to normal. Biden already drained the reserves dangerously low and Trump has drawn them down even further to absorb price shocks. These will need to be rebuilt, which means when floating storage starts to flow again it will not provide immediate price relief.

So that problem isn't going away. The housing market problem is not going to go away as long as we continue to import people to do jobs Americans can do, like Microsoft laying off thousands of employees and then applying for H1B replacements. Those people need to rent or buy houses, usually the most inexpensive options as fresh arrivals which drives up 'starter house' prices. The fact that Trump did little to address the abuse of visas to undermine American wages because his tech buddies profit off overseas slave labor means that all his deportations did jack squat to alleviate housing pressures.
Anything you can do to address this issue will run afoul of the donors. No more endless scab labor supply to depress wages? Daddy isn't happy. Extra taxes or outright bans of corporate ownership of single family homes? Daddy isn't happy. In fact, politicians of both parties are working overtime to make the problem worse by trying to waive or reduce property taxes for retirees, which will reduce pressure to sell and shift the tax burden to young families that are already struggling. The only person doing anything to fix this is Mamdani taxing extra property holdings at higher rates, and this is part of why the Republicans just got absolutely wiped out and the DSA is enjoying historic wins. They are simply too beholden to their donors and to boomers.