this post was submitted on 28 Jul 2024
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Housing Bubble 2: Return of the Ugly

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A community for discussing and documenting the second great housing bubble.

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submitted 3 months ago* (last edited 3 months ago) by SeattleRain@lemmy.world to c/housing_bubble_2@lemmy.world
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[–] UnderpantsWeevil@lemmy.world 23 points 3 months ago (4 children)

let population decline for a generation or so

But that's bad for the Big GDP Number

[–] HappycamperNZ@lemmy.world 9 points 3 months ago (1 children)

Not necessarily - less people means lower unemployment resulting in higher wages to attract people to your organization (income is directly linked to GDP). Phillips curve relationship.

Its a bitch for inflation though.

[–] Szyler@lemmy.world 1 points 3 months ago* (last edited 3 months ago) (1 children)
[–] uis@lemm.ee 2 points 3 months ago (1 children)

![description goes here](link to gif goes here)

[–] s_s@lemm.ee 8 points 3 months ago (1 children)

Oh no, not the economy!

Anyways...

[–] UnderpantsWeevil@lemmy.world 5 points 3 months ago (1 children)

The Economy is kinda important, especially when the big Economy Computer starts telling everyone that a downturn in Brawndo sales means they're all homeless.

[–] uis@lemm.ee 2 points 3 months ago (1 children)

Big Economy Computer? I didn't know USSA already have built communism.

[–] UnderpantsWeevil@lemmy.world 2 points 3 months ago

https://en.wikipedia.org/wiki/The_People's_Republic_of_Walmart

With the size and scope of modern American mega-corps, we're closer to it than you'd think. Hayek's economic calculation problem is functionally solved.

[–] rickyrigatoni@lemm.ee 6 points 3 months ago (1 children)

Yeah but the GDP per capita will skyrocket.

[–] UnderpantsWeevil@lemmy.world 2 points 3 months ago

Transforming America into Monaco.

[–] iamjackflack@lemm.ee 3 points 3 months ago

Would that be the worst thing in the world? Probably not