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Machete-Wielding Professor In New York Lands New Gig At Another School Defendant stuck behind bars even though Virginia jury says shooting of YouTube "prankster" was self-defense Kaiser Permanente health care employees poised for 3 day strike this week The Legacy Dianne Feinstein Left California: Crap And Crime Bowman denies allegations he tried to delay vote with fire alarm stunt, thought it would open door Baltimore mayor says arrest of murder suspect who was out on early parole after violent rape is a 'message' the city won’t tolerate criminals Democrat Jamaal Bowman Faces Investigation, Expulsion after Pulling Fire Alarm before Vote Putin Is Now Evading Western Sanctions On Almost All Oil Exports, And Using Yuan To Avoid Import Sanctions Prophetess of Climate Propaganda Joe Biden’s IRA committed more than $100 million to promote ‘tree equity’ Wouldn't It Be Nice if We Could Defend Our Borders the Way Poland Defends Theirs? 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Byron Donalds Says Republicans ‘Did Not Get Anything’ In Funding Measure Polk County teacher, Disney employees among 219 arrested in human trafficking-focused bust: PCSO Invasion at Eagle Pass: 60,000 illegals crossed into border town in September Senator Dianne Feinstein's death leaves her daughters wrangling over breathtaking $102MILLION property fortune and $62M private jet she used to visit her mansions Never Mind Those Hordes of Military-Aged Chinese Men With the Same Clothing, Haircuts, and Tattoos Swarming Our Southern Border How $1M From China-linked Groups Oiled New York Politics After Striking Down California’s ‘High Capacity’ Magazine Ban, Oregon Could Be Next Biden admin issues restrictions on gas furnaces in latest war on appliances NYC mayor's top advisor calls on feds to 'close the borders' to stop flow of migrants Terror Cover-Up in the Netherlands: Medical Student and Animal Abuser, Fouad L., who is known to Police, Shoots Neighbors and Teacher Dead, Leftist Government Pretends Attacker is 'Far-Right Nazi' House GOP members seek to expel Gaetz amid renewed threat to vacate House Speaker McCarthy Ron DeSantis still rules out role as Donald Trump VP Horrendous Number of Eagle Deaths From Wind Farms Marines temporarily relax regulations due to camouflauge uniform shortage Survey for gun owners by gun owners to help combat bunk ‘studies’ CRPA Files Motion in Federal Court to Block New California Carry Restriction Laws Oakland County Sheriff Michael Bouchard warns against burglary gangs from 'south of the border' Migrants Are Being Raped at Mexico Border as They Await Entry to US DHS Greatly Inflates Number of Transnational Criminal Organizations It Dismantles Here Are The Republicans Who Helped Defeat A Measure To Defund Taxpayer-Funded Pride Events Zelensky Pitches Arms Makers on Producing Weapons in Ukraine TRANSGENDER INQUISITION: Newsom Weaponizes Schools Against Non-‘Affirming’ Parents The Horrors of Plum Island | Hybrids, Human Experiments and Weaponized Killer Insects Jack Smith Says Trump ‘Caught Potentially Violating Terms of Release’ Over Gun Purchase Video In Blistering New Complaint Omar: Dems Will Only Save McCarthy for ’50/50 Power-Sharing Agreement’ Party That Opposes Ukraine Aid Wins Slovakia Election Ex-Loudoun Superintendent Found Guilty of Retaliating against Teacher Who Spoke Out about Sex Assault Nagorno-Karabakh Is No More Trigger for Next Financial Implosion No Privacy, No Property: The World in 2030 According to the WEF The Problem of the Tariff in American Economic History, 1787–1934 Coming full circle: Subpoena demands FBI return Hunter Biden laptop to Delaware repair shop owner Famed Signature Room Restaurant in Chicago’s Hancock Tower Suddenly Closes Citing ‘Economic Hardship’ Pakistan: Politicians fight on live debate after Nawaz Sharif’s party leader calls Imran Khan ‘Jewish agent’ and ‘bootlicker’ FBI arrests Proud Boys member who disappeared days before sentencing over role in Jan. 6 Winklevoss twins secretly withdrew $280M in assets before crypto firm collapsed: sources Leader in Richmond Democrat Party group ARRESTED after posting bomb threat against Andy Ngo Virginia talk Status: Not Logged In; Sign In Economy See other Economy Articles Title: Here's Why Housing Is Unaffordable for the Bottom 90% Source: Of Two Minds URL Source: https://www.oftwominds.com/blogsept23/gentrification9-23.html Published: Sep 18, 2023 Author: Charles Hugh Smith Post Date: 2023-09-18 02:20:48 by Charles_Byrd Keywords: None Views: 89 Comments: 4 This is the direct consequence of the Federal Reserve's decades of unprecedented stimulus: extremes of wealth and income inequality that gave the wealthiest households the means to bid up housing to the point it's no longer affordable to the bottom 90%. The superficial conclusion that the reason why housing is unaffordable is a scarcity of housing misses a key dynamic in supply and demand: who has too much money and where do they park it?? Click for Full Text! Post Comment   Private Reply   Ignore Thread   Top • Page Up • Full Thread • Page Down • Bottom/Latest #1. To: Charles_Byrd (#0) There's also the factor of massive population growth. When I was born, the US population was a little more than half of what it is right now. In the intervening decades, the population has doubled, which crudely would mean double the amount of housing needed. But actually that number is bigger. When I was born, there were about 73 million children. That's a little less than 1 in every 2 people was a kid. Beyond that, 72% of the adult population was married. Today, the population has doubled, but there are still only 73 million children in the US, and the marriage rate population has tumbled to 45%. So, we need at least three times as much housing as we used to, and most of the housing stock has turned over since then, as have the regulatory restrictions on building houses. All of this drives up the price of houses by at least 300%, even if our money was literally gold and silver and there was no inflation at all. Vicomte13  posted on  2023-09-18   12:50:12 ET  Reply   Trace   Private Reply   #2. To: Vicomte13 (#1) If we deported the illegal invaders housing and beef would both be cheaper. Bacon too. A K A Stone  posted on  2023-09-18   22:13:16 ET  Reply   Trace   Private Reply   #3. To: A K A Stone (#2) That's probably true. Interestingly, in the cities around us in Connecticut (Stamford, Norwalk and Bridgeport), crime rates have plummeted because of the arrival of the Hispanics. Hispanics are often illegals, so they don't have the option of welfare. They have to work to eat. Also, there's no welfare support for their rent, no "Section 8 housing". So what has happened is that landlords find they can charge Latinos full rent, whatever the market will bear, and they do. With welfare recipients on Section 8, they were very limited by the government in what they could charge. So what has happened is that the really bad parts of all of these cities have "Latinized", meaning that the Latinos have moved in, and pay higher rent, and work three jobs so they're never on the streets, while the poor blacks have been forced out of the area up to Hartford, where there are not so many service jobs for the Hispanics to do. Net result, crime has plunged in the cities that used to be terrible. When we moved here, Stamford had about 150 murders a year, and Bridgeport was worse. Last year, Stamford has 4 murders, Bridgeport had 16. But Hartford? It's a smaller city than either Stamford or Bridgeport, but it had several hundred murders last year, and a horrible welfare problem and gang problem. On Connecticut's Gold Coast, immigration from Latin America - legal and illegal - has been a godsend. Lots and lots of workers to do the jobs that the whites are too rich and educated to do (so everybody has a well- trimmed lawn now), who work hard because they don't get benefits, who have to pay market rent because they don't get Section 8, which then drives the black ghettos right out of the region. The Hispanic ghettos are much better kept, because the landlords have three times as much money, and a vast labor pool to draw on. And crime has plummeted, because idle hands are the Devil's workshop, and Hispanic hands can't afford to be idle: they have to eat! Is there something inherently racist about enjoying seeing the poor black population with all of its crime and welfare fraud replaced by working Hispanic poor? Probably. But I'm all for it. Fear is gone from the streets of Stamford and Norwalk, even at night, and crime is so much lower in Bridgeport that young white college students get apartment there now. It is "gentrifying". Hartford isn't, because that's where the poor blacks flock to, bringing all of that crime and dysfunction with them. I don't like the open border, and I don't like the lawlessness of it. Trump's policy was better. But the Hispanic immigrants themselves? In Connecticut, they're a welcome replacement for the ghetto blacks. Vicomte13  posted on  2023-09-20   9:56:24 ET  Reply   Trace   Private Reply   #4. To: Vicomte13 (#3) i dont doubt huspanics work hard. my brother runs a high dollar restraunt. he says the mexicans have replaced his dish washers a d they do à better job. now they have mexicans running the food lines and the sa.e o es also doing dishes and that cuts his labor cists alpt. i dont think he should hire them but those are the facts. I think the mexivans and others bring more crime overall. A K A Stone  posted on  2023-09-24   22:32:39 ET  Reply   Trace   Private Reply   Top • Page Up • Full Thread • Page Down • Bottom/Latest

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