Explaining Celebrity Political Thought...
32 minutes ago
I have been following a number of 'indicators' in the context of false claims of an economic 'recovery.'- One such indicator has been 18-34 year olds increasingly delaying household formation and living with their parents due to chronic unemployment/underemployment.These numbers have been at odds with false administration claims of only 5% unemployment while actual unemployment runs about 23%.The perennial real estate industry (NARA) claims of a looming housing recovery ring equally false.- To a realtor "now" is always the time to buy-sell real estate, so their viewpoint is a self-licking ice cream cone.The financial media complex/FTV has also been very bullish on the US housing market since about 2012, claiming that when the 18-34 year olds finally start buying houses, everything's gonna turn-around.... so invest in housing and real estate REIT's now, if not sooner.- If 18-34 yo's can't get jobs, they can't afford to pay rent much less buy a house. The same is true if they are working $8/hr waitress-waiter jobs.- So now they are living in their parent's basements past their 30's and into their 40's....and beyond.None of these things argue for a return to a healthy housing market any time soon.- If you believe the hype and BS you will be left holding the proverbial bag, and/or sleeping under an overpass yourself.This reminded me of my sister, who was not only at the leading edge of these demographics, but ahead of it by several decades or more.- She lived under our parent's roof from 18 into her 30's and beyond...way beyond, well into her 50's. Now in her 60's, her voluntary choice to remain unemployed-underemployed her entire life (when the economy was 'good') is paying negative dividends (as the economy has gone from 'bad' to 'worse) with predictable consequences...she's couch-surfing between friends.
From Theo Spark at 12:27