patrick.net

I'll watch it.

High cost of housing is not a “bubble” it is permanent serfdom for lower and middle class, just as the globalists intended.

TUCKER CARLSON and Charlie Kirk - discussing HOUSING bubble.

It's actually great to hear it, it's like breath of fresh air. It's what everyone on this board pained about for years.

https://tuckercarlson.com/tucker-show-charlie-kirk-2025

I'm still watching it. But so far they covered how fiat printing and borrowing has made it too expensive for young people to buy housing and start family. Average first time buyer is 38 yo these days. That's crazy to me. It was never that bad. And they are covering it.

Personal opinion: I think it's why families don't start so much, people have hard time just affording basics.

PeopleUnited says

High cost of housing is not a “bubble” it is permanent serfdom for lower and middle class, just as the globalists intended.

yes good point, i just called it that because couldn’t think of a better term

I keep watching it today. It's crazy to me just how much he's covering what everyone here, including Patrick has been saying for years about parasitic economy of leasing everything.

Side note, I see it coming here now where we live. I see farmers leasing land, because it became too expensive. We see more housing built for lease by same corporate mentality I saw in LA. I hate it all. A symptom of an economy that keeps bailing out bad letting it float forever.

Two stupid cunts running their mouth.

Waste of time.

RWSGFY says

Two stupid cunts running their mouth.

Waste of time.

Agreed. They also both came from money. They have no clue what it's like to be 18 and want to work and save for a house. I was able to by 22 years old, in 2006 of all times while attending college and working about 30 hours per week. Wasn't the best student, but whatever.

They sound like Democrats whining about not having things and they do. Weird flip for two guys that come across as conservative but seem not to be. Yeah, lets just lower interest rates and loan regulations so every stripper and dip shit can inflate prices. Or you could just work harder in the short term and suck it up and save.

Wookie, i have to disagree. your single example isn’t a norm. everyone can’t be like you.

when majority is drowning in debt, system is failing. we all been saying that building system on infinite debt will eventually fail. bad debt is there, and we inflating it away instead of letting markets work. this is bad. this is how you get communist revolutions.

Tucker sure hates the Boomers. I watched it all. Charlie Kirk has his finger on the pulse.

SharkyP says

Tucker sure hates the Boomers. I watched it all. Charlie Kirk has his finger on the pulse.

just the assholes he met. live long enough, meet some pretty unhappy people out there.

Boomers were in the right place at the right time. They got full pensions, cheap college tuition, platinum heath care (including dental and vision), grandfathered for full SS benefits at 65, they had the "Summer of Love," housing was relatively cheap until the mid 1990's. Hell, even the military was a sweet gig - motor around Europe in case the Soviets attacked.

Let's face it - the boomers got the best gig. Fess up, and us Gen-Xers will stop razzing your entitled asses. We won't ever forgive you, however, for maligning us with the "Gen X" moniker. Fuck you very nicely for that.

stereotomy says

maligning us with the "Gen X" moniker.

I kinda like it tho.

stereotomy says

maligning us with the "Gen X" moniker.

I kinda like it tho.

I remember my aunt commenting at my college grad party: Nobody knows what you're going to do!

Housing bubble bust = economy down, stocks down, n his rating down. Trump will not allow it to burst, they will offer govt incentives to keep it going or holding still.

stereotomy says

Hell, even the military was a sweet gig - motor around Europe in case the Soviets attacked.

Do not forget Vietnam. Not quite the sweet gig.

PeopleUnited says

High cost of housing is not a “bubble” it is permanent serfdom for lower and middle class, just as the globalists intended.

I believe this. This was intentional.

KgK one says

Housing bubble bust = economy down, stocks down, n his rating down. Trump will not allow it to burst, they will offer govt incentives to keep it going or holding still.

That is not only the reason things are not looking up but also an immoral response to the problem.

Bailing out TBTF was an enormously destructive decision also.

Glock-n-Load says

KgK one says

Housing bubble bust = economy down, stocks down, n his rating down. Trump will not allow it to burst, they will offer govt incentives to keep it going or holding still.

That is not only the reason things are not looking up but also an immoral response to the problem.

Bailing out TBTF was an enormously destructive decision also.

Agreed. But that's precisely why low interest rates are good for anyone upper class or even upper middle class and up. You don't have to think too much about your investments and whether they're sound or not, just plow the low interest money in, and if you really make a big choice and face steep losses chances are it's too big to fail and you get bailed out. In high interest no bailout environments you need to think not twice but three times and do a ton od DD before investing into a company. Also small caps usually trade much higher in low interest environments.

HeadSet says

Do not forget Vietnam. Not quite the sweet gig.

Getting drafted out of a good union factory job at 19 and coming back to a closure and the town falling to pieces

HeadSet says

stereotomy says

Hell, even the military was a sweet gig - motor around Europe in case the Soviets attacked.

Do not forget Vietnam. Not quite the sweet gig.

Point taken.

stereotomy says

HeadSet says

stereotomy says

Hell, even the military was a sweet gig - motor around Europe in case the Soviets attacked.

Do not forget Vietnam. Not quite the sweet gig.

Point taken.

When Vietnam started, most boomers weren’t old enough for war. however by end of it, they were getting drafted. most of it was fought by previous generation. Some Boomers were drafted near tail end of it. they definitely participated in anti vietnam war protests, which our shit government ignored hard.

but Boomers got hit hard in the late 80s early 90s when we started moving all factories to Chyna and watched towns and cities become ghost towns.

i think that generation benefited greatly from post war reconstruction, government programs that helped create single family homes and education. but by 1990s golden age ended, human corruption in government and greed looted the system.

Fortwaye says

but Boomers got hit hard in the late 80s early 90s when we started moving all factories to Chyna and watched towns and cities become ghost towns.

i think that generation benefited greatly from post war reconstruction, government programs that helped create single family homes and education. but by 1990s golden age ended, human corruption in government and greed looted the system.

Bingo. I grew up in the 1970's, and I remember that by the mid 1990's shit started to go sideways. Housing was affordable, college was cheap as well as food, etc. After the Mid 1990's, it all went to hell for the reasons you describe.

Fortwaye says

I see farmers leasing land, because it became too expensive. We see more housing built for lease by same corporate mentality I saw in LA. I hate it all.

Recall the mantra coming out of the World Economic Forum: "You will own nothing and be happy." What they neglected to tell us was that they will be the owners and we will be their serfs.

stereotomy says

. They got full pensions, cheap college tuition, platinum heath care (including dental and vision), grandfathered for full SS benefits at 65

In 2019, the poverty rate for people ages 65 and older was 8.9%. By 2022 it had climbed to 10.2%, a 0.1 percentage point drop from 2021.

The poverty rate for people between the ages of 18 and 64 rose from 9.4% in 2019 to 10.6% in 2022.

The poverty rate for people under the age of 18 rose from 14.4% in 2019 to 15% in 2022.

Social Security keeps 22.7 million Americans out of poverty, 73% of who are senior citizens.

The average Social Security retirement benefit is $22,044 per year.

A 3.2% cost-of-living adjustment (COLA) began in January 2024.

The true buying power of Social Security benefits for older adults who retired before 2000 has decreased 36% since that time.

https://www.consumeraffairs.com/finance/elderly-poverty-statistics.html

RayPalestine says

Recall the mantra coming out of the World Economic Forum: "You will own nothing and be happy." What they neglected to tell us was that they will be the owners and we will be their serfs.

Well, you make it sound like it’s a bad thing or some kind of terrible secret.

Al Sharpton,

Stock market has multiplied 7x in the last 15 years, more than that in the past 25.

I have little sympathy for the intentionally ignorant poor.

PeopleUnited says

High cost of housing is not a “bubble” it is permanent serfdom for lower and middle class, just as the globalists intended.

It's a bubble.

MolotovCocktail says

PeopleUnited says

High cost of housing is not a “bubble” it is permanent serfdom for lower and middle class, just as the globalists intended.

It's a bubble.

Bubble inflated by low rates for many years. Artificial asset inflation.

PeopleUnited says

High cost of housing is not a “bubble” it is permanent serfdom for lower and middle class, just as the globalists intended.

I agree that high house prices create a permanent serf class, but I'm not sure how much of that is calculated and how much is just the fact that people with houses make all the laws, and they all want the cost of housing to increase. So their "solution" is always to increase mortgage lending, and never to lower house prices.

Banks certainly want everyone in as much debt as possible, because your debt is their asset. Your interest payments are their income.

So we've got an informal conspiracy of all the banks and everyone who "owns" a house, including all Congressmen.

Get private equity groups, investment banks, and foreigners out of the residential housing market. Return Glass-Steagall. And end the Fed’s direct ‘buying’ of equities and bonds, via Blackrock and others. Then we might see a return to 3x income affordability in housing. You can never outcompete a 10T investment behemoth with an unhealthy interest in rentier serfdom and access to Fed money.

Trump’s on the right track with removing govt subsidies for immigrant housing (and the illegal immigrants themselves). I’ve never heard him talk about the financialization of housing though, and that’s the central issue IMO.

goofus says

Return Glass-Steagall.

Abso-freakin' lutely. Another proven disaster. Nothing but wild swings since we "Tore down the Wall" and "Deregulated to compete in the Globohomo World Economy".

Make banking boring again. Make lending as equally about getting Ms. Roberts to take out a $1000 CD in return for a toaster, and banks fight over deposits. Not just running to the Fed to get cash to loan.

Patrick says

I agree that high house prices create a permanent serf class, but I'm not sure how much of that is calculated and how much is just the fact that people with houses make all the laws, and they all want the cost of housing to increase. So their "solution" is always to increase mortgage lending, and never to lower house prices.

I know we disagree on this but that's why I don't want low interest rates right now. People are so used to low rates that normal 6-7% rates are considered obscenely high. On the other hand I want reindustrialization and the Debt financed at a low rate.

Really think 5-10 years we're going to be looking at an entirely different R/E market.

Patrick says

So we've got an informal conspiracy of all the banks and everyone who "owns" a house, including all Congressmen.

The car model I drive now sells for more than 2x what it sold for 20 years ago, and probably won’t last as long either.

This is not a bubble. It is the new world order deliberately devaluing the dollar through money printing, wealth redistribution to the upper echelons, wage stagnation though outsourcing and illegal immigration. There are other factors as well but this is not a conspiracy to inflate prices it is a conspiracy to take control away from people and concentrate it into the globalists. They don’t want you to own or control anything. They want you to work, neglect your health, sell your souls and support the narrative, then die when you are no longer useful to them.

Patrick says

and they all want the cost of housing to increase

Housing has become financialized. It is an asset, like stonks and bonds. It can provide shelter, of course, for somebody, but not necessarily the people who own the asset.

Houses, cars, groceries are not expensive. Your money is just worth less than half of what it was 20 years ago.

Patrick says

Patrick says

So we've got an informal conspiracy of all the banks and everyone who "owns" a house

About 40% of homes have no mortgage.

Looks like they got him right in the carotid. If he survives, he will never be the same, the blood volume was pouring out. Somebody would have to have applied tamponade immediately. It seems to be fatal but I suppose miracles can happen.

Ceffer says

Looks like they got him right in the carotid.

Sadly, that appears to be the case.

When will the Mockingbird stooges be frog marched off the camera for their lies.

That would be nice, but hopium? Crisis, Confusion, Control? The shock wave is emanating and reflecting.