Nick Szabo  🔑

Republicans' voter base won't vote to lower their biggest asset (housing) that's their only savings and they plan to live on that and social security and pensions, despite those entering the workforce not being able to afford either. Obvious answer for youth> Bitcoin.

Low income workers and welfare cases and people on the streets you can't understand don't increase real estate values. Agree thought that many are under the delusion that this is the case.

They have to live somewhere even if its multiple families to one home that creates demand. Even if they rent that increases rent demand pushing up prices. Youth entering the home buying market (inf adj) make 66% of boomers at the same time in their lives & that's w/ fed inf rates

talk to any real estate broker, it's a sellers market for (price adj for my area) 200k homes which are in terrible shape. You go to 300k+ homes, no one's buying, and the people who own them aren't even living in them, they're 2nd or 3rd owned homes.

fact is real estate is finite if you exclude immigrants, boomers didn't make replacement fertility with their offspring, which should mean deflation in real estate costs, especially with technology and the natural depreciation costs of houses cars don't appreciate in $ over use

Humans aren't interchangeable parts. This is a ludicrous argument.

P.S. lower birthrates are in part *caused* by higher real estate prices. Traditional Americans generally put off marriage and having children until they have ample room (yard, etc.) for children to play.

Understand I wanted and still do want the wall. I just now understand why it will never get built, because of the conflict of interest in the voter block needed to enact it.