That's exactly why another price collapse is on the way. The market has run out of people who can just barely afford these prices, and is once again pulling in people who just can't afford these houses, but get government backed loans anyway.
The result will be the same as last time, a major price crash, the people that could afford it get fucked on equity, the people that couldn't afford it get fucked out of their down payment, and the taxpayers get fucked when all those loans the government holds go tits up.
Who does the fucking you might ask? The banking system, which gets truckloads of risk free money off the whole affair.
What's the biggest debt most people have? A mortgage.
How much does a mortgage cost? Nearly double the house price.
What makes a mortgage even remotely considerable, given that most of these houses could be rented cheaper? The idea that your house will gain value to cover the interest expense.
Who pays this higher price? The next schmuck, who gets an even bigger mortgage.
We hit the ceiling on this pyramid scheme in 2007, and are in the process of hitting it again. Incomes haven't risen to supply the next round of greater fools.
I actually prefer working on games I would't want to play. Working on the games I like ruins the immersion... I'm think of the systems an nitpicking instead of enjoying the game.
...because they already have money, if we don't enslave each generation with debt?
They aren't children. They're slaves to the investor class, and it's reach the point where the next generations will never become members of the investor class.
I'm in the middle of a stint as a contractor. My PM keeps the red tape away from me and shields me from morons as much as he can. He's awesome, but this job still sucks SO bad. I am surrounded by people who can't find work anywhere else... they're like the inhabitants of Davey Jonses Locker in the Pirates of the Caribbean movies... growing into the chairs and office furniture, with no hope of escape. Helpless and hopeless. On the plus side, my moderate competence makes me a rock star around here.
I'll be glad when the contract is up. I want to run screaming out of the building every day, but the PM has taken care of me, so I have loyalty to him and his project.
Slashdot Mirror
... on every device. Swap in lower ranked stuff, so the top 100 covers the top 100k.
That's exactly why another price collapse is on the way. The market has run out of people who can just barely afford these prices, and is once again pulling in people who just can't afford these houses, but get government backed loans anyway.
The result will be the same as last time, a major price crash, the people that could afford it get fucked on equity, the people that couldn't afford it get fucked out of their down payment, and the taxpayers get fucked when all those loans the government holds go tits up.
Who does the fucking you might ask? The banking system, which gets truckloads of risk free money off the whole affair.
You're in the game, and you're going to say anything you can to keep it going.
Good luck with that.
What's the biggest debt most people have? A mortgage.
How much does a mortgage cost? Nearly double the house price.
What makes a mortgage even remotely considerable, given that most of these houses could be rented cheaper? The idea that your house will gain value to cover the interest expense.
Who pays this higher price? The next schmuck, who gets an even bigger mortgage.
We hit the ceiling on this pyramid scheme in 2007, and are in the process of hitting it again. Incomes haven't risen to supply the next round of greater fools.
All the ones that aren't being yelled at love watching him yell at somebody else.
I actually prefer working on games I would't want to play. Working on the games I like ruins the immersion... I'm think of the systems an nitpicking instead of enjoying the game.
It's probably because the robots stole their medicine.
...of our corporate-controlled government.
I'm sure the insurance companies have it set up so they make out like bandits no matter what happens.
...but knows when to cockpunch you for driving like an idiot would be a boon to mankind.
...but nobody will come.
...because they already have money, if we don't enslave each generation with debt?
They aren't children. They're slaves to the investor class, and it's reach the point where the next generations will never become members of the investor class.
...through the house going "WOO WOOOO WOOOOO!" every time I get out of the shower, I would not begrudge them the spectacle.
Or you are middle class, and can't quit your job because you took out a huge loan to pay 3 times too much for a house.
You'll all tell the poll you're leaving, but come back every day to complain.
I'm in the middle of a stint as a contractor. My PM keeps the red tape away from me and shields me from morons as much as he can. He's awesome, but this job still sucks SO bad. I am surrounded by people who can't find work anywhere else... they're like the inhabitants of Davey Jonses Locker in the Pirates of the Caribbean movies... growing into the chairs and office furniture, with no hope of escape. Helpless and hopeless. On the plus side, my moderate competence makes me a rock star around here.
I'll be glad when the contract is up. I want to run screaming out of the building every day, but the PM has taken care of me, so I have loyalty to him and his project.
... so technically dead. From cutting edge, high quality products to scammy consumer crap in 2 decades. It was amazing to watch.
I find that inherently unlikely.
Or any of the other millions of people running 85 down the 101 every day.
Down with protestors!
Down with protestors!
Down with protestors!
Nobody's allowed to go over 75 mph either.
This is why corporations control the government through campaign donations. That way they get the best of both worlds.
New game mechanic: The more focused the stare, the larger the 'muscles' get!
Why blame the guy that shot you in the face? Shouldn't you have been wearing a bulletproof mask?
Well, you being such a humorless priss also annoys me, and your link makes me think it would be funny to shoot you.
How about this: I'll try to not shoot you, if you'll try not to make me want to.
Deal?
He better hope the cops get to him before we do...