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Joined 1 year ago
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Cake day: June 9th, 2023

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  • I bought a house in 2013. Sold it for twice as much in 2020, it’s probably about triple now.

    But looking at house prices and interest rates now, I don’t think I could even buy that first house if I was starting from scratch. I have an extra decade of seniority and (mostly) reasonable salary increases at or above inflation, and I would still be shit out of luck if I didn’t already own property.

    That’s not painting a good picture of the future for the next generation, or even those in my generation who waited or needed longer to save.



  • In an actual collapse situation, nobody is going to respect property rights. He may have a head start in that he’s familiar with his own land, but there’s only so much land a single person can defend and maintain (and it’s much smaller than even a hobby farm).

    Best case scenario for farmers is that they mostly get left alone, and then someone (everyone) steals their crops just before harvest. It’s unlikely people will have that much foresight, so I expect it’s just going to be a bunch of fighting over farmland, followed by starvation because no one had time to grow anything.