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CovfefeAnon's profile
Covfefe Anon
Covfefe Anon
Covfefe Anon
@CovfefeAnon

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Covfefe Anon

@CovfefeAnon

Not to be confused with 2001 Nobel Peace Prize winner Kofi Annan. 54th Clause of the Magna Carta absolutist. Commentary from an NRx perspective.

Joined July 2017

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    1. Dedicating Ruckus‏ @ded_ruckus Mar 21

      Dedicating Ruckus Retweeted ƨꭋɘƨꭋɘvdo

      this is important in a functioning society, house prices trend flat/downward over time (inflation-adjusted), so that each new generation can buy a house for about the same amount direct corollary of "property values keep increasing" is "kids can't buy houses"https://twitter.com/obversers/status/1275217235653595136 …

      Dedicating Ruckus added,

      ƨꭋɘƨꭋɘvdo @obversers
      no society can rely on housing as a truly long term investment, and as a "source of wealth", because it's a consumer good, like a fridge. you can drive up the price one time, handing existing housing owners a windfall - but then you hit a plateau where it can't rise any higher.
      Show this thread
      1 reply 3 retweets 29 likes
    2. Covfefe Anon‏ @CovfefeAnon Mar 22
      Replying to @ded_ruckus

      The thing about land is that there's not going to be any more of it - it's the original crypto. The reality is that life is a competition and you have to fight to leave enough resources for your children so they can compete. The alternative society is worse.

      1 reply 0 retweets 5 likes
    3. Dedicating Ruckus‏ @ded_ruckus Mar 22
      Replying to @CovfefeAnon

      sure, but "land" is not what people are buying when they buy housing they're looking for land with good dwellings built on them near desirable economic/social clusters and that can be created (from land without those things)

      1 reply 0 retweets 2 likes
      Covfefe Anon‏ @CovfefeAnon Mar 22
      Replying to @ded_ruckus

      If you're buying into a connected network so your kids have a smooth transition into the elite starting in childhood that's always going to carry a heavy price tag in one currency or another. It's competitive to get your sons into that society.

      11:44 AM - 22 Mar 2021
      • 3 Likes
      • Gozu World's Greatest Dad per Capita Dedicating Ruckus
      2 replies 0 retweets 3 likes
        1. Dedicating Ruckus‏ @ded_ruckus Mar 22
          Replying to @CovfefeAnon

          true but if all you want is a nice house that's a reasonable commute from a decent job, that can be created and we're mostly not

          0 replies 0 retweets 3 likes
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        1. World's Greatest Dad per Capita‏ @The_WGD Mar 22
          Replying to @CovfefeAnon @ded_ruckus

          This is exactly where the bait and switch is right now.

          0 replies 0 retweets 3 likes
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