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RE: Working Poor – 40% of 18-34 Year Olds in California Live with Mom/Dad
Great post!
You made some really good points.
As society pushes for automation the economy will only get worse. Robots or (AI) do not buy houses or cars, food or clothes, they don't even pay taxes. So with less things needed more people will lose their jobs and government, with less taxes, won't be able to function. So I have to say the future does not look very bright in that regard.
As far as the housing situation, I think home prices will fall by 30 to 50% during the next economic downturn, which I believe will start by the end of the year. I think it has already started in some parts of the country. So the lucky few that will still have jobs MIGHT be able to afford a home in the near future.
Just some thoughts on your GREAT post!
thanks, jeepjk13!! Appreciate the kind words. Our economy is toast and is barely hanging on by printed-out-of-thin-air Federal Reserve Note. Once the BRICS, SCO and EEU have had their fill of the criminals in Washington DC and on Wall Street - it will be lights out.