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I drink your milkshake! a metaphor for capitalism
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<blockquote data-quote="rickyb" data-source="post: 5262963" data-attributes="member: 56035"><p>the portion of hte population renting and in mortgage debt has significantly grown over the past 25 years. increasing serfdom</p><p></p><p>this puts politics in their favor for a housing price debt jubilee which will lower household debts and lower housing prices.</p><p></p><p>govts currently have schemes which will make housing more unaffordable. it is a ponzi scheme. in addition i believe in australia, each politician owns 3 properties which makes it unlikely a housing debt jubilee will pass.</p><p></p><p>if the renters and debtors dont get a debt write off, its likely ecological collapse will cause housing prices to drop anyways along with a sharp fall off in standards of living</p></blockquote><p></p>
[QUOTE="rickyb, post: 5262963, member: 56035"] the portion of hte population renting and in mortgage debt has significantly grown over the past 25 years. increasing serfdom this puts politics in their favor for a housing price debt jubilee which will lower household debts and lower housing prices. govts currently have schemes which will make housing more unaffordable. it is a ponzi scheme. in addition i believe in australia, each politician owns 3 properties which makes it unlikely a housing debt jubilee will pass. if the renters and debtors dont get a debt write off, its likely ecological collapse will cause housing prices to drop anyways along with a sharp fall off in standards of living [/QUOTE]
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I drink your milkshake! a metaphor for capitalism
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