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Millennials not wanting or needing such large properties
Mini-mansions will be converted into multi-family apartments.
Now the kids will be like "How can I monetize McMansion dad left me?
And "How the devil am I going to pay those real estate taxes, HOA fees, and lawn service?" Also maybe "How do I get rid of the squatters?"
HeadSet says
And "How the devil am I going to pay those real estate taxes, HOA fees, and lawn service?" Also maybe "How do I get rid of the squatters?"
So much fun is coming.
The HOAs and Condo Assocs having to double monthlies in order to build reserves to handle structural issues is not helping Condos sell in Port Saint Joe and Naples with 7% 30-year loans on top.
I think I posted the association that was talking about bank loans, loans against 401ksm etc to pay $10k now in lieu of $300 monthly assessments extra for the next 3 years.
The fact that this would only result in a temporary decline in corporate profits (eventually prices would be increased to support increased wages) just goes to show you how absolutely evil these corporate motherfuckers are. They will turn this nation into a third world shithole just to maintain their performance based compensation on a quarterly basis.
God damn right Japan can have a shrinking population and manage just fine - except the conglomerates might take a hit to EPS for a dozen quarters.
God damn right the U.S. would be a better country right now if our population was 240 million.
The next 10 years is going to be fascinating between boomers leaving their homes due to death/health, Millennials not wanting or needing such large properties, and the general lack of wealth in younger generations due to debt spending and wage supression.
^^^^^^
What's even scarier is the sex ratio in those two countries. IIRC, it's something like 60/40 M/F - this will be the cause of WWIII - the search for bitches.
They enslaved the male Uighurs and forced the women to marry them already.
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Leftism is self-exterminating, but it will take a while, and they will continuously try to convert the children of conservatives to replenish their numbers.