Housing prices and rental rates are rising 20% YoY while salaries are only going up by like 3% YoY

Entire generations of young people will never own a home, literally everything is massively overvalued

People are buying pizzas on payment plans, the buy now pay later sector is now worth 100s of billions of dollars and is projected to grow to 5 TRILLION by 2030

mass immigration did that (legal and illegal)

notice japan with no immigration and declining pop is the lowest

>>60735132 (OP)
>Entire generations of young people
Are no longer needed thanks to AI. AI engineers earning 100m/yr will buy all of these houses, and the sellers will happily retire on cruise ships, laughing while scrolling through their AI-generated feeds.

>>60735132 (OP)
Nothing about sustainability requires you to afford a house.
Other countries have 100 year mortgages, or are so poor they just never have their own place, increasingly more people never own homes, they rent at what they can afford. If the law/culture allows it people live with multiple roommates or with multiple people to bedroom their entire lives.
It's just the way shit goes when people that hate you run every western country, that would rather take your wealth and distribute it to the world and invite their living conditions and crime to your neighborhood to displace you, divert your taxes into more self-destructive sinkholes, and hurt your quality of life.
>>60735144
Japan has insane density due to their relaxed zoning and a massive cheap labor force. For people working and living there most can't barely afford an apartment near their work too.

>>60735237
>For people working and living there most can't barely afford an apartment near their work too.
Seeing their apartment and train commute costs, it's akin to how Americans can easily go broke just from car expenses.

>>60735132 (OP)
It's not, we're on the eve of the October revolution if you haven't been paying attention

The poor have never been able to buy anything, this is not new

>>60735364
The issue is that the middle class is disappearing and just joining the poor.

>>60735364
boomer couples could afford homes with one minimum wage income

>>60735374
>>60735376
The middle class is a historical anomaly

>>60735656
and that's why it has no right to exist.

>>60735374
I agree

>>60735656
Historically we also just farmed fucked and died of smallpox at 30. Destroying the middle class is another short sighted decision in a string of them from our elites.

>>60735656
historically not farming for a living for 90% of people is also an anomally
times change gramps

>>60735144
Thats because they actually build homes

>>60736553

Same thing in the US. The states with the highest new building per capita are actually dumping right now.

>>60736553
no its because they haven't had tens of millions of people move there to have 3 kids who then have 3 kids

>>60735132 (OP)
american standard of living is in free fall.

>>60736596

Grind all immigration (legal included) to 0 and deport 20 million people and this reverses

>>60735656
this is a midwit red herring btw. industrialization and mechanization have created a system where only 1% of workers are involved in the agricultural trade, yet they support 350 million americans. this is also an anomaly. lots of things are anomalies. something being an anomaly doesn't mean 'the system' has to regress toward feudalism. it's a man made system.

>>60736599
it won't. immigrants should be deported but it won't fix anything. you need to crush credit availability if you want prices to come down. otherwise the prices stay inflated. we're seeing this right now. existing home sales volume is on par with the post-crash 2008 home sales volume.... despite US population going up like 15% since 2008. and prices aren't coming down.

>>60736602

Right, the middle class wasn't a thing because society needed 90% of people to be actively toiling in a field. We're well past the technological limitations of that era.

We're actually in a weird time now where we don't need about 30-40% of society at all. They're just dead weight. Like a lower lower class. In prior times they would probably find a place toiling somewhere as well.

>>60736612

That isn't to say there aren't other issues, it's just that radically downsizing this portion of the population causes immediate benefits in every area of society imaginable. We never needed them and they are only here to inflate and depress in the worst ways.

>>60736602
Yes we can afford higher qualities of life for massive amounts of people, hence why it’s fucking retarded that the 1% want to destroy the middle class and consolidate ownership further.

>>60735132 (OP)

It's not. for the first time in the last 4000 years western civilization is on the a downward spiral. unchecked immigration, spending like drunk saliors, shit healthcare, shit education. the single thing I can think of where the US is a doing a job is the military.

there are real world changing consequences to telling a whole generation that yeah, we raped the planet, fucked the economy, took all the profits and now you deal with the mess of housing, healthcare, education, tax, social security, medicare/cade. sorry son the money is all gone and you owe the bill.

you're already seeing the earlier stages of it. zoomies wont work, and who can blame them? a 40 hours week at median wage used to get a house, stay at home wife, 2 kids, plenty of money for a vacation and weekend fun, now it doesn't pay for a 1b1b in any of the top 100 markets. My mom sold my childhood house last year, bought it in the mid 1990s for 50k, asked 699 and got 675, sUsTaInAbL3. im sure median income went up 12x too right?

>>60735132 (OP)
Either wages will go up, or housing will come down. Upcoming population declines will tell. Generation Delta will be able to buy cheap homes in their 40s.

if americans are mad that they have to work 6 years to get a house then we eurochads are truly cooked

>>60735132 (OP)
It is perfectly sustainable when the end goal is feudalism.

>>60736553
use your brain bro!

>>60736612
>removing millions of people wont lower prices
LOL

>>60735237
massive cope

you wish every day our home price chart looked like japans