Went to monitor property listings, and dear me the amount of forclosures is insane. In Colorado its almost 9/10 new listings. I can't even get prices because they are pre-auction.

Welp...

  • Lil_Revolitionary [she/her,they/them]
    ·
    4 years ago

    I remember people throwing around the term "everything bubble". Theyre gonna run every investment into the ground before we crash and there's nothing left

    • Bedandsofa [he/him]
      ·
      edit-2
      4 years ago

      Like this is probably the deepest capitalist crisis in history: it's going to be a multi-year process and we haven't seen the bottom.

      Wait until they are forced to ramp up austerity in the short to medium term and watch for the wave of unrest that follows/accompanies new cuts. This wave, which arguably has already begun in a few places where they were unable to provide any sort of relief to workers, will be especially turbulent given a very similar trend from 2008 is still in the process of playing out.

      • Lil_Revolitionary [she/her,they/them]
        ·
        4 years ago

        Whole bunch of rich folk think this is the perfect opportunity to buy poor people's shit and get away with everything since it all goes up long term. Heck, maybe they'll get away with it one last time. But at some point its all gonna be worthless, you cant do disaster capitalism in every country forever

    • shitshow [any]
      ·
      4 years ago

      The ubiquity of technology in our world has made it so dudebro investors can marketize even more of a private space.