All of our lives, from 1971 onward, house prices have only gone up. Sure, they have gotten a big bigger from that time, but their construction methods suck, and very few houses are designed to be efficient, let alone be passive solar heated. There is no reason these cracker jack boxes should be so high in price.
Except inflation / money printing & controlled lack of supply.
Since 1970s, the FRN (Federal Reserve Note) has had no backing, and so could be infinitely printed. This means that with lowering interest rates and extended terms on financing. People could get mortgages for more and more and more. And that is where we are now with million dollar houses for middle class people.
Now two BIG things have happened; we have crested the hill
- Demographic collapse
- Monetary collapse
And now, we will see house prices fall, and continue to fall. There is nothing to hold them up, and everything against them.
Suburbia Becomes A Ghost Town
It is hard to describe a change that is so large that it will change where and how everyone lives. But, this is what we are up against. A complete change.
- Millions of foreclosed houses are going to be dumped on the market
- Boomers are going to leave the 25% of the housing market. Either moving to care facilities or mortuary plots.
- The VAXXX is going to claim many, many people. And its worst feature, is the amount of women who are now infertile.
- Jobs are about to leave the cities, as AI and automation takes a big chunk of what was there.
- Food doesn't grow in concrete jungles. The people that stay will face starvation. Really, get yourself to a homestead.
- Cities will not be safe places to live. If there was mostly fiery protests in your city, leave now. Crime will be getting worse. People's anger will be getting worse. Civil war breaks out.
- Demographics will be dropping off for a long time.
Imagine what the house prices will be when half the houses are empty.
- Those who live in blue cities will not respect property rights. Empty houses are free for all
- No one, but the richest, will be able to get a mortgage.
- Houses will be sold for what people have saved, better than nothing, right? And then these places will be abandoned
Suburban cookie cutter houses will become ghost towns
Suburban Houses Are Not An Asset
And they never were.
It is just a scam to suck the money (blood, sweat and tears) out of the people until they falter, then the bank gets the house back, and they "sell" it to the next mark.
What the banksters hate most of all is people paying off their mortgages. This is why we have reverse mortgages, HELOCs and Black Rock running around paying "too much" for houses. (Why wouldn't you buy up houses when you can get infinite printed money)
The banksters have plans to "rent" you a house for the rest of eternity.
The banksters will make property prices go as high as possible, and then crash the market to repeat. As long as they can print money, they can do this forever. (the small & medium banks get toasted though, however this is part of their plans. Banksters hate sharing their money.)
We are playing a game of working harder and harder, faster and faster for the banksters.
The suburban house price going up has always, and only, been a trap.
There isn't enough money in the world to pay off all the mortgages.
Real Estate Must Go Away
The idea that we can divvy up all the land on earth and apportion it out, and then keep people who come later, off our land is an insane idea. We must get rid of the idea of the King's estate.
There is so much space available. Out in New England, a place that has people as long as America has existed, still has forest where you can walk for days and never see another person. And people are not allowed to just go out there, where they aren't affecting anyone else, and building a homestead.
How dare we disallow children to have a place to call their own! But, that is the system we have come up with. We just accept that every piece of land is owned by someone already, even though they are not there, and have done nothing to enhance/manage that land.
In the near future we will have flying cars and continuous, non-polluting energy sources. We will be able to build our homesteads anywhere. We will choose places that are geologically good for human life. Not constrained to roads or rivers or telephone lines.
And all of these new homesteads will have space around them that is not owned by anyone. A buffer in between.
In the future, the person who owns the land will be the one who cares for and manages it. Or, you might say that the land owns the person. It is together that they live.
Calling the land that we live upon and are nourished by, "property" will become a really weird meaning that no one uses anymore. How could you sell the thing that provides you life? How do you own something that will be around much longer than you? And, how will you think you own something worth selling, when there is so much space that has no one living on it? Shall we package up all the air and keep our neighbors from breathing?
There is going to be a war between the people and the banksters/kings. And then there will be a time when people try to hold onto the old ways of "owning" property, because they believe there isn't enough of it. But, these wars will end with the banksters being left with their meaningless piles of paper, and people will learn how to live in tribes around the planet. Cleaning up the planet and being extra careful to not pollute. And we will learn to live in peace with each tribe/family living how they want.