patrick.net

Rubicon says

“I think the point is the economic future of America is not so clear”

It couldn’t be clearer. Survival of the fittest.

HAHAHA!

No, it's not that at all.



Is that the fittest? No, that's just a regular thug of the mafia. As long as you think the system is fine, we'll have this fucking corrupt system.

As if we're in capitalism! The intelligence agencies made certain the Google, Twitter, and Facebook was "the internet". It's not but Google will never find any video on Bitchute, or Rumble, you can't link to those on Twitter, you can't talk about them on Facebook. Why do you think that is?

We have a kleptocracy, rule by the criminals. Survival of the fittest, sure, if you're mafia. The Sackler Family addicted a good portion of the United States to their drug, Oxycontin, which they FALSELY claimed wasn't addictive. What they did was hilariously evil, since the "drug wasn't addictive", instead of increasing the frequency doses, they told doctors to increase the level of the dose if the patient was still experiencing pain. This was guaranteed to addict the patient.

Here's a person that is "fit":



What he did, in the 1980's during the "AIDs epidemic" was force AZT to be the ONLY available drug for patients, DOCTORS were not allowed to experiment or try off label drugs. Sound familiar? AZT was a failed chemotherapy drug that didn't pass trials, because it just killed the patients before the cancer could. There's a movie about it, called The Dallas Buyer's club:

https://en.wikipedia.org/wiki/Dallas_Buyers_Club

Remdesivir is also a failed cancer drug, withdrawn from the market, because it did so much damage to the liver and pancreas.

Both drugs were 100% useless to patients, neither had any efficacy at all, and both were dangerous and have no therapeutic uses.

The "work hard and you'll get ahead" bullshit, is bullshit. Work with and support criminals and you'll get ahead - there's little chance of your prosecution but there's a chance. Work against the criminals, they'll buy you out, kill your, or imprison you. Remember this guy?



He's dead. He tattooed this on his arm:



Just before he was put in prison, and Jeffrey Epsteined.

Survival of the fittest. Hahaha. Survival of the vicious, that's it. Because MOST people are cattle, it's just going to get worse and worse and worse, until it's the Morlocks versus the Eloi. I'd say about 10% of the human race is left. The future is just barbarism.

The problem as I see is is the cattle I once considered human won't open their eyes, or ears - if the state tells them 2+2=3, they'll believe it today, and if they tell them 2+2=5 tomorrow, they'll believe it - and SINCERELY believe it. I cannot be stupid, and I don't think I can be evil, not evil like that. For years our own media reported that Ukraine was the most corrupt country in Europe, that it was filled with modern day Nazis and the next day, their fighting for democracy and freedumb. Overnight, people changed their "minds".

Let's not forget this asshole:



Fittest? That the fittest? HAHAHA.

Rubicon says

Take it or leave it. I don’t believe in blaming the system or politicians or corruption. None of that stuff will improve your situation. It’s a waste of time.

I'm just pointing out that short sighted subhumans are making life intolerable for humans.

Who wants to live in a world of cattle and their predators, caught inbetween?

You want some good investment advice? Buy "defense" contractors, and "Big-Tech". They're not going to go bankrupt, both are directly supported by our government. SURE they'll enslave the population and murder people all over the world. Want to be involved with it? Go ahead.

You're being bought off for pennies, and your children and grandchildren, and further will be slaves or dead. We're a young society, run by sociopaths. Instead of reforming it, live it up while you can, no matter what horrific crime is being done. Eventually, our society will become so weak, we'll fall into complete despotism, and the game then will be "work for the government" - pretty close to that already.

I admire societies that engage in long term thinking, the US doesn't do this, Europe doesn't do this. They invite in refugees thinking they'll be docile slaves, they won't be able to control them, and in time, the refugees will exterminate the ones that invited them in. This very well may create chaos, like you see in Zimbabwe and South Africa - the ruling class doesn't care, and the ruling class will be killed off slowly, because there are societies that can organize against power.

richwicks says

I'm just pointing out that short sighted subhumans are making life intolerable for humans.

Who wants to live in a world of cattle and their predators, caught inbetween?

Richard. This is exactly how the Nazis talked. Subhumans were F-ing up the world and they needed to be purged from the earth. But it was a lie then and it is a lie now. The sheep, cattle, whatever you call the “subhumans” blind to their enslavers, they are the victims. They are not making life miserable, they are miserable. It’s the wealthy globalists that are behaving like animals, trading people and treating them like cattle.

richwicks says

the ruling class will be killed off slowly,

That might happen on a small scale, but the global cabal of satanic banksters will not be defeated by their victims. It will take divine intervention to defeat them, and even that won’t come until the death cult elitists have essentially destroyed and enslaved most of the planet. This wealthy totalitarian class are actively working to get rid of anyone they cannot control. We are less than cattle to them.

Well, what can be said? The American ideal is dying and some rejoice. Sad. No, it isn't all about housing and income but the result is shitganistan. I hope I am wrong. Those who have it good (I have it good like many others) don't seem to care about their very own progeny. THAT is sad. @Rubicon has a few(?) houses and thinks he's a Vanderbuilt (the Vanderbuilts actually contributed to society. No, I am not hailing the Vanderbuilts.). Hahaha, history is littered with family names that fell out of $$. No, $$ is not the root of happiness.

How do I know $$ isn't the root of happiness? My daughter married into a very wealthy family. I won't go into too much detail other than to say their family and extended family own much real estate (much) in an area not unlike Martha's Vineyard. Indoor pools, gated mansions, guest houses, celebrity neighbors etc. This is the real estate they own for fun. Many of their children are, in some way, not well.

@Rubicon, are you saying you're comparing yourself to Hunter Biden, Fauci and Sam Bankman? Wow, take a walk on the dark side.

Rubicon says

And it won’t get better by being a keyboard warrior.

Who has more comments on this thread? You or me? Hahaha. Honestly, I think you're a fraud.

You make lots of assumptions. And again, you sound angry. What happened to $$ is the root of all happiness? RE isn't the only path to financial gain. Take a look all around you, lots of people, most even, make lots of money running businesses. Businesses, the entrepreneurs, are the pinnacle of a society. You remind me of a coked-out gambler (who had lots of $$) I knew years ago. She only ever talked about her wins. Never her losses. I'm sure you dollar cost averaged your shitcoin but you only mention when you bought at $4,000. This is what leads me to believe you're a fraud.

Some of us lament the lowering standards of what makes a great society. I assume you come from a shithole country and don't know what it takes to create/maintain a great society.

As far as the intended insult of "keyboard warrior" goes...I have never learned as much as I have until I became engaged in forums on the internet. I've learned a lot about all kinds of topics. I've learned even more about myself and formed entirely new beliefs. It's been a net positive.

GNL says

Housing video (short)

https://twitter.com/WallStreetSilv/status/1691280922358738944

No it is not sustainable . Land prices in rural TX are up three to five-fold. A few acres near Round Rock sell for a million. Fifty unimproved acres near where we bought land two years ago now go for more than a million. This is ridiculous.

It is ridiculous. But, there are people with essentially bottomless pockets, looking to drive up the cost of everything, so that the average person can’t afford anything.

He's way off on that 1995 prices. In 1995 a typical used Burbdale Ranchero house in your typical American non gated suburbs were running $65K on the low end, $97K average end, and $120K on the highish end. .The signs on the highway advertising the new fangled Gated Communities with the new proto McMansions were going for $130 to $190K. I know I was looking and dreaming for a house back then. It shot up over night from 2000 to 2001. I remember doing a carpet job in a house that just a few years early I was wanting to buy for $120K. The guy said he paid $220K it only got crazier every day after that.

Rubicon says

I have a PM that charges me $100 per month per rental and deals with this shit.

You are fortunate. I have found that with Property Managers (PM) that the monthly fee does not include finding a tenant when one moves out, they typically charge 1/2 month's rent to get a new tenant. I also noticed that PMs tend to send out the most expensive repair people. It once cost me $100 to replace a 50 cent toilet flapper. I have seen other instances where a wood picket fence was replaced with non-treated pickets and a roof replacement done without a tear-off, even though a tear-off was charged. The PM companies also want to keep deposits in their accounts, plus collect all rents themselves and send you the remains. Good luck getting your money if the PM company gets in financial trouble. Also, PM companies do not handle legal issues, you will be a "landlord" on the hook and not an "investor" here. I once had 10 rentals and only used a PM for one. Never again. I also know other landlords who will never use PM and advise against it. Exception is one of them who has over a hundred properties, but he owns the PM company.

I think owning rentals is one good way for an average Joe to build wealth but being a landlord is more like a part time job than a passive investment. You also have to take time to acquire these properties and deal with the financing.

As I said, you are very fortunate if you have handed off all efforts at $100 per property

Hey, all y'all on this blog, are any of you landlords with a property manager doing all the lifting? Maybe that works better in California.

First let's get rid of 1995. 2019-2023 Covid and Biden/crazy libs fucked things up in that four year window. You could do the same thing with 1995 2004 2007 except then our economy wasn't wreck by the inflation we have had lat two years.

Rubicon says

I hated driving a beater car because I had to live frugal and save money.

Sounds like you did not inherit your fortune. Since this is a real estate blog, would you mind sharing how you acquired your first rental properties and how you got the financing? When I started out, banks would not loan to investors and my first 2 properties were FHA foreclosures that needed a ton of work which I did myself since I could not afford to hire out.

The book I'm listening to right now says that typical PM company charges 1 month rent when they find a tenant and 1 months rent every time that tenant renews the lease. Is this really how it is on the ground? Seems expensive AF.

Rubicon says

You, just like my in-laws always try to find something bad in people who are wealthy.

Yet another stupid assed assumption.

Rubicon says

RWSGFY says

The book I'm listening to right now says that typical PM company charges 1 month rent when they find a tenant and 1 months rent every time that tenant renews the lease. Is this really how it is on the ground? Seems expensive AF.

I don’t pay even close to that. I could see that in CA. But everything is overpriced in CA.

Interesting. The book is not CA-specific. The author even explicitly advices against investing in expensive areas.

no one has crystal ball, but our entire society is not sustainable.

Rubicon says

"Take it or leave it. I don’t believe in blaming the system or politicians or corruption. None of that stuff will improve your situation. It’s a waste of time."
Viktor Frankl

FortwayeAsFuckJoeBiden says

no one has crystal ball, but our entire society is not sustainable.

"Long term everybody is dead"

Rubicon says

You are missing the point.
There is no law that says that schmuck avg joe should or must afford a house. Median income doesn’t mean anything. In other countries the majority of people are life long renters. Just here in the US people think they deserve or are entitled to own their own house. If you make no more than the median household income you likely will never own and you are fucked. Paycheck to paycheck is your future.

It's part of the American Dream.

There is no law guaranteeing 1-2+% real estate appreciation or the rule of 72 on the stock market, either, but in a few years when the peak birth year starts needing to downsize/assisted living, and prices collapse, the same investors will be howling the government/fed needs to intervene as they deserve their income and ROI. Sicilian properties are given away for some taxes and repairs, entire islands are abandoned as the government can't support the aged and rapidly declining population on them; once upon a time a modest piece of land in Sicily went for a sack of gold. People couldn't afford it, so the emmigrated to the US, Canada, and Argentina. Once upon a time, suburban Detroit housing was the dream of many.

The same NYT and Economist that tells middle America to suck it up, racists, will be screeching for intervention.

It's coming, demographics are inevitable. The life expectancy for somebody born in the 1950s is the mid 70s. That's life expectancy, not "Assisted Living needs" or "Nursing Home Warehousing" expectancy. People will be in those a few years before they die, they're doing so right now. In less than a decade we're going to have a downsizing-by-neccessity explosion.

"The kids will inherit it"
Some will, some won't. Especially if Mom and Dad boomer brought a new retirement condo/house and there's an outstanding mortgage that Millie the Millennial can't afford with her $40k/year Starbucks income 5 states away from her job. She'll probably sell it if she can and pocket any difference to spend on Boxed Wine and Mexxxx-iii-coo, Girls!. There are millions like her.
https://www.youtube.com/watch?v=XBnQjGGkCuY

Those who can afford it may want to sell as they don't want to be arsed with renting it out, paying for a property manager, etc. Since it's probably not their childhood home in most cases, but Parent's Retirement Home in the Villages, in Arizona, or in Lake Boca Vista, Jerry, they have no sentimental attachment.

The dark secret about immigration, especially in Europe, is it isn't only about controlling demand for wages/workforce but also about filling the rentals which is the top cash flow source of the Elite. If Europe wasn't engaged in mass extreme hyperimmigration, housing costs would be declining YoY for the 2nd decade now.

Don't be fooled by the currently low inventory. There are many thinking they can outwait the high rates, and many are deluded into thinking 3-4% mortgages are the norm. They never were. We're close to the post war average now. That new house prices (as I've mentioned in other posts) are competitive with 30 year old used houses and in many cases, esp. after builder financing and covering closing costs, are cheaper, is a sign of what's coming.

* The Builders are not as optimistic as the Home Loaners waiting to sell are.
* Banks are laying off mortgage personnel
https://www.youtube.com/watch?v=rWbDRQ0mfbI
* A Demographic begging for $100k student loan relief is not ready to slap $300k-$1M on a place.

I wasn't going to write about this, but seeing that no one else has touched on this subject, here goes. The boring part that everyone knows about first:

Back when the residential real estate market collapsed in 2008, it did so primarily because of the sloppiness and greed that entered into all facets of the real estate market. Mortgage officers were making a killing not only on new mortgages, but on re-fis, in which the vast majority of homeowners did 'cash-out refis,' receiving cash that had been accumulated via inflation, while believing that prices will continue to rise. In an effort to make even more money, mortgage companies began offering more and more incentives, such as no documentation loans (often referred to as Liar Loans) etc. Appraisers were pressured to 'hit the number,' knowing that if they didn't, they would be ignored when it came to assigning appraisers in the future, which led to a great deal of fudging the numbers. Of course real estate agents went along for the ride. And, don't forget the consumer, who also wanted to 'make a killing' through either buying or selling.

Here's where it gets interesting; prior to this monumental collapse, Mortgage Backed Securities (MBS) were considered to be AAA rated. MBS made up approximately 98% of all home mortgages, which were sold on what is known as the Secondary Market, where large bundles were packaged on Wall Street, and sold to investors for a handling fee. When the collapse hit in 2008 and the rampant fraud was exposed, millions of homeowners, now underwater on their loans, lost their homes, or, simply walked away. As mortgage payments were no longer being paid by millions of people, the investment funds collapsed as well. Quite literally, the Secondary Market completely disappeared, leaving the industry with nowhere to go to sell their mortgages.

The Federal Reserve quietly stepped in and began a program in which they were buying MBS at the rate of $80 Billion per month, and have been doing so (some months are $60 Billion) ever since the collapse in 2008. THAT , and that alone is the explanation for the crazy inflation that we have seen ... virtually all of it fueled by the purchases of MBS by the Fed, which also kept interest rates at historic lows for over 10 years. Now that rates are being forced up by the Fed as a means to control inflation, prices will no doubt fall. IMO, we are going to end up with a catastrophe, probably much worse than that of 2008.

PeopleUnited says

Richard. This is exactly how the Nazis talked. Subhumans were F-ing up the world and they needed to be purged from the earth.

Who do you think I'm talking about? Are the people that lied about the pandemic, and created hysteria, and lied to the population for 2 years - are they human? The people that insisted you take an untested vaccine for a disease which 99.9% of the population survived - are they human? The people that have lied us into 7 wars, and are lying about Ukraine now - are they human?

WHO do you think I'm talking about? The Nazis run this country. You know why we go to war, it makes money for defense contractors and a other affiliated contractors.

Those are the predators.

PeopleUnited says

The sheep, cattle, whatever you call the “subhumans” blind to their enslavers, they are the victims.

You can't wake them up, I've been trying for 30 years. It's no longer my responsibility. If these people could do basic simple reasoning, we could have stayed out 7 wars, Ukraine would have never happened.

But they continue to listen to known liars and propagandists. Doesn't matter if you point out they are liars and propagandists. People still listen to Rachael Maddow after 4 years of "Russian Collusion", she helped restart the fucking Cold War, people still listen to her - IF they can be considered people.

I don't want to associate myself with the Nazis, who are predators, nor the cattle who are the victims. I'm neither one. We could make use of our incredible technology to improve this world for everything, not just people.

PeopleUnited says

That might happen on a small scale, but the global cabal of satanic banksters will not be defeated by their victims.

Yes they will. What keeps people supporting this system is they have a stake in it, fighting it, they will lose that stake. When nobody has a stake in it, it will collapse.

richwicks says

she helped restart the fucking Cold War

Oh, Putler is female now?

RayAmerica says

The Federal Reserve quietly stepped in and began a program in which they were buying MBS at the rate of $80 Billion per month, and have been doing so (some months are $60 Billion) ever since the collapse in 2008.

There was a brief period of time, starting in 2018, when the Fed was actually selling off their MBS holdings. That didn't last long...

And, interestingly, the Fed was buying COMMERICIAL MBSes at the beginning of the pandemic. Thankfully it is a piddly $8 billion (out of $2.5 trillion of MBSes).

The median house price jumped from $260k to $419k in 4 years? Is this legit?

It appears that Rubicon and E-man may be the same individual.

Waitup says

The median house price jumped from $260k to $419k in 4 years? Is this legit?

No, it's not legit. We've been in a phony real estate market (and economy) since the crash of 2008. The entire economic balloon is being floated by inflationary economics ... the wanton printing of 'money' without restraint. Also, the USA has benefitted since the close of WW II when the dollar was made the reserve currency for the civilized world. That enabled the US to spend without any regard for the future. Now however, there is a major push to create a global, or regional, currency in order to challenge the American dollar. If and when that actually happens, it will be lights out for this economy.

RWSGFY says

The book I'm listening to right now says that typical PM company charges 1 month rent when they find a tenant and 1 months rent every time that tenant renews the lease. Is this really how it is on the ground? Seems expensive AF.

My PM is a broker in the family so I get it for free. He tells me the going rate is 10-12% for gross rent in San Antonio plus listing fees but that was several years ago. When I list that's free to me too but I typically pay the agent that shows it to the renter I select $400-500.

I've checked out local PM websites and they run from cheap with little service to some with many levels of service to choose from that can get pricey.

RayAmerica says

If and when that actually happens, it will be lights out for this economy.

At least 10 years to start getting concerned about that. First India just backed out in the near to medium term and second it would need to have a deep deep pool of liquidity / bond market before it worked well at all and that will take lots of time.

Eric Holder says

richwicks says

she helped restart the fucking Cold War

Oh, Putler is female now?

No no no.

We are the 4th Reich. How can you not see this? We've been lied into 7 wars, you can't even name them, we have constant propaganda, and corporations control our government. Our FDA is nothing more than PR for big pharma, we're all being spied upon constantly (everything you say or hear in a year fits in 10 GB or so, that's $1 worth of storage at this point - so I guarantee the government just collects it), we cannot talk openly, we are constantly censored, our our "news" media is propaganda and will never inform you.

Maddow is just part of that. Sean Hannity is as well. They all are, Anderson Cooper, and all the assholes you know as the talking heads.

Our nation has attacked and bombed Afghanistan, Iraq, Pakistan, Libya, Syria, Somalia, and Yemen. How many people dead? What were the actual reasons for these attacks? I'm looking for answers, and even I don't know and I try very hard.

99.99% of Americans can't even identify what nations our government has attacked, nobody knows how many people have been killed. We're the Nazi regime of this century.

I fully believe that Maui was an internal attack. I know 9/11 likely was, I know for certain that the 1993 WTC bombing was. I can't convince anybody, I can't get them to open their eyes. Our government is a tyrannical fascist system, and nobody recognizes it. It's maddening.

richwicks says

I fully believe that Maui was an internal attack.

Well it wasn't. I have dozens of friends who were on the ground there. The tall dry grass catches on fire uphill from there frequently but the winds usually aren't blowing through the valley like that (or even in that direction) most of the time. It was powerlines falling over catching things on fire as-usual but turned into a blow torch this time.

I do like @ceffer's conspiracy theories though!

Also all manner of dumbassery from the government. This asshole takes the cake so far: https://twitter.com/EndWokeness/status/1691909193656152465

just_passing_through says

richwicks says

I fully believe that Maui was an internal attack.

Well it wasn't. I have dozens of friends who were on the ground there. The tall dry grass catches on fire uphill from there frequently but the winds usually aren't blowing through the valley like that (or even in that direction) most of the time. It was powerlines falling over catching things on fire as-usual but turned into a blow torch this time.

I do like ceffer's conspiracy theories though!

I don't know.

I'm past the age of drawing conclusions quickly. We'll find out in a few years.

Don't be so quick to trust your government not to do something evil, they do it all the time. January 6th is one obvious example. The fallout from these fires, will tell us what happened. I know it's difficult to see your government as an enemy, but if you really knew their history, it's pretty trivial.

Time will tell. I know that Syria was something the US instigated, Libya was not attacked "to prevent a humanitarian crisis", the Hussein wasn't making a "weapons of mass destruction program", and Russia didn't "invade Ukraine for no reason at all".

Of course they will take this treachery and murder at home in time. I think in 5 years time, you'll suspect, but time will tell. I don't honestly know at this point, but I know this government, it's a bunch of murderers and thugs.

What they depend on, is in 5 years, you'll forget about it all. Remember Flint Michigan? That's when the government poisoned the population with with lead laced water. Remember Palestine Ohio? That was much more recent. I am cursed with a memory. I'll be looking at Maui in 5 years. Nearly nobody else will.

richwicks says

I know it's difficult to see your government as an enemy, but if you really knew their history, it's pretty trivial.

Not at all, I'm quite aware of that but I know the culture there and people ain't so bright. Now will the government and others try to leverage this? Damn straight!

RayAmerica says

The Federal Reserve quietly stepped in and began a program in which they were buying MBS at the rate of $80 Billion per month, and have been doing so (some months are $60 Billion) ever since the collapse in 2008. THAT , and that alone is the explanation for the crazy inflation that we have seen ... virtually all of it fueled by the purchases of MBS by the Fed, which also kept interest rates at historic lows for over 10 years. Now that rates are being forced up by the Fed as a means to control inflation, prices will no doubt fall. IMO, we are going to end up with a catastrophe, probably much worse than that of 2008.

Yes, this is the rigged market and what some of us lement. Chickens come home to roost at some point. Those chickens don't always come back to roost at the same place as last time. How someone can disparage a person for pointing it out is beyond my comprehension. Fraud is on the rise and coming from above. Richwicks points this out all the time. Societies die when fraud is the leading way to make a fortune.

B.A.C.A.H. says

It appears that Rubicon and E-man may be the same individual.

That would be interesting. How can we find out?

Rubicon says

Prices will go down because of higher rates or because inventory will skyrocket? If the latter, how/when/why will inventory skyrocket?

Let's not forget a key equation in all of this; buyers. With rising interest rates, which are now more than double than last year, more and more buyers will drop out of the market, or, be forced to lower their housing expectations dramatically.

Bd6r says

No it is not sustainable . Land prices in rural TX are up three to five-fold. A few acres near Round Rock sell for a million. Fifty unimproved acres near where we bought land two years ago now go for more than a million. This is ridiculous.

Few people I know bought land near Dallas area about 18 months ago in a large syndicate. They have no clue why it went up 2.7 times already. I heard the property taxes are a bit high in TX.

richwicks says

When nobody has a stake in it, it will collapse.

Everyone has a stake in it. When it collapses you are going to wish it didn’t.

Rubicon says

“Sicilian properties are given away for some taxes and repairs, entire islands are abandoned as the government can't support the aged and rapidly declining population on them; once upon a time a modest piece of land in Sicily went for a sack of gold. People couldn't afford it, so the emmigrated to the US”

True. It’s a shame, Sicily is beautiful! However, the younger generation has much better job opportunity in northern Italy. Detroit got destroyed by unions and shitty products. Japan and Germany made much better cars than the trash coming out of Detroit.
I get your point but it’s not valid for predictions in our lifetime. Sicily won’t become the next tech hub in our lifetime.

Anyone suggesting in 1968 that Detroit would be doomed in 20 years and to sell at the high and leave now, would have been laughed out the room as a crank. There are people alive who grew up in Detroit and escaped it; it happened in their lifetimes. Nothing done in Detroit couldn't be done in Tennessee or Alabama or later, Mexico.

Nobody in Sicily in 1880 could have predicted that in a generation or two, propeller driven vessels with displacement measured in the thousands of tons would allow bulk grain and fruit shipment with a down to the hour schedule from the New World, with half the crew of a few hundred ton Med Sailing Tramp, ruining millenia of Sicily being the breadbasket of Europe.

As Detroit went from the combustion vehicle powerhouse of multiple continents to a rustbelt slum in a generation, Big Tech will happen faster. It's already a shithold and companies are steadily leaving. There's no need to be in SFBA for venture capital or workers, and bit by bit the prestige factor will fade. Only reason it's taking longer is because half the city is Polyamorous degenerates who don't want to move and don't have kids impelling them to move, but the employers will leave.

Thing is, demographics are inescapable. Despite ludicrous hyperimmigration, the US is still predominantly native born, and the most educated and productive are having one or none kids; the 4-person family is already obsolete. In 5-10 years, there will be tens of millions with no hope of children by the iron hand of biological fertility, so for many the 3-person family isn't happening either. A single person or an adult with a child does not need a 4-bed, 2.5 bath McMansion or ZeroLot.

There is no Doom here, only the inescapable grasp of demographics. People said long before 2008 that anybody with a pulse could get a mortgage.