WhatsUpPup [none/use name]
This is really great advice. Back in 2016 I became convinced that an economic depression was imminent. I started reading personal histories of the Great Depression. From that i divined that those who survived the best had the following:
- a strong local network of folks on whom they could rely and trade.
- a food source within reach of their front door. Essentially a vegetable garden with food producing animals, namely dairy cows and chickens (I realize this has its limits for a lot of folks).
- a personal outlook that accepted the loss of personal comfort and enjoyment.
Retirement communities will be an anachronism soon enough. Most boomers will die in the care of their millennial children.
I’ve thought a lot about this - the boomers have almost all their wealth tied up in their home equity. pretty soon they’ll need to cash out that home equity to fund their long term aged care. However if they flood the market, and millennials are still wearing economic concrete shoes, the boomers will be unable to get the prices they need to fund their long term aged care.
Enter hedge funds. All the big investment funds and hedge funds are gearing up their real estate funds. They are preparing to swoop in and bail out the boomers one last time by buying up the coming glut of residential real estate. They will become massive land lords. I’ve contacted my local government and planning body to discuss this, but they aren’t interested. No one is going to place limits of corporations buying residential real estate. This is going to be a fucking nightmare.
Vegemite and avocado on toast is as close to heaven as can exist in this material realm.