:chairman-moa:
This timeline sucks
Someone needs to form a leftist fund to buy land and build communes. I would love to live in a commune.
Id step down from the idea of a “commune” since it’s a bit too idealistic and everyone needs to be 100% in and even the there’s drama. There are already existing self-sustenance communes that exist, of you want to join.
I do think there’s a lot of upside to the “level below” that though (the broad term is intentional community). Rounding people up to build or buy a multifamily unit and establish an HOA/co-op structure would be pretty solid. Or buy a bunch of land and use an HOA or some other legal structure to be “land mates” or something like that. The key is of course finding people who both have the means and a compatible mindset to get something like that to happen.
Yeah, I was thinking more along those lines. I’m imagining an HOA that forbids having a lawn and establishes a communal tool library.
My new pet theory, just based entirely on anecdotal evidence around me… a lot of people are buying houses first and then figuring out how to pay for it later. And low down payments make this even more possible. Like, they technically have the income to pay for it now but they’re gonna realize quick how little financial flexibility they have, and any shocks like losing a job or health expenses will make it so they can’t make that mortgage payment anymore. No savings, just plowing it all into a mortgage payment.
Also wondering if the housing market is one of the first signs that were gonna start seeing some massive inflation.
Its 100% small time landlords buying a 2nd or 3rd property as well as enormous hedge funds or Blackstone et al that are buying up properties. Probably more the latter, but the former is why it’s happening in podunk nowhere as well.
If housing is an investment or profit machine, you can afford tighter margins on rent to mortgage because your plan is to own and rent for the next 50 to 100 years. So who cares if it costs 2 times over asking? You’ll make it back 30 years later and then make pure profit for another 30. Plus, rates are historically cheap and the fed has shown 0 capability of raising rates to higher than 5% or so (prior to 2008 it was usually near 10%).
For low-tax states, 4 people move in for every 1 who leaves. For Texas, this ratio is 5:1; for Florida, 7:1.
I’m sure there’s no problems with people flocking to hot, coastal states the way that the climate is going
