Homes are unaffordable to most. Even if you sell your house for a million dollar where will You move to? As far jobs are concerned the job market is completely fucked up. Their is oversupply and there are no wage increase. It does not take a genius to understand why there is no mobility.
Nobody’s buying homes, nobody’s switching jobs, America’s mobility is stalling
11–20 of 176 posts
Re: Nobody’s buying homes, nobody’s switching jobs, America’s mobility is stalling
#12There aren’t enough homes or jobs. What do?
We're heading further into a reality where there just aren't enough jobs. All the money has been hoovered into the stock market. There's just not enough floating around to pay people, it's all going into LLM electricity or graphics cards. We should be living in a time of ease, where the whole planet is sustained with all of us only working a few hours a week. Instead most people are fighting for scraps barely able to…
Re: Nobody’s buying homes, nobody’s switching jobs, America’s mobility is stalling
#13There aren’t enough homes or jobs. What do?
We're heading further into a reality where there just aren't enough jobs. All the money has been hoovered into the stock market. There's just not enough floating around to pay people, it's all going into LLM electricity or graphics cards. We should be living in a time of ease, where the whole planet is sustained with all of us only working a few hours a week. Instead most people are fighting for scraps barely able to…
But instead we have a tiny minority of people who control more and more capital. This has well-known and terrible consequences for society from almost every angle. What I don't understand is why the .1% don't want to step aside and let someone else have a turn. It's funny that our bodies have stomachs, so we know when we've eaten "enough". But money doesn't get stored in the body.
Re: Nobody’s buying homes, nobody’s switching jobs, America’s mobility is stalling
#14Homes are unaffordable to most. Even if you sell your house for a million dollar where will You move to? As far jobs are concerned the job market is completely fucked up. Their is oversupply and there are no wage increase. It does not take a genius to understand why there is no mobility.
The job market is scary. I can afford a better house right now but am scared shitless I won’t be able to keep my income up. So we stay in our small old house for now, maybe forever.
Re: Nobody’s buying homes, nobody’s switching jobs, America’s mobility is stalling
#15Homes are unaffordable to most. Even if you sell your house for a million dollar where will You move to? As far jobs are concerned the job market is completely fucked up. Their is oversupply and there are no wage increase. It does not take a genius to understand why there is no mobility.
Because you've all treated housing as a financial instrument, instead of what it should be: safety for your family.
I expect in the not to distant future, the only way someone will get to own a house is to inherent one.
Re: Nobody’s buying homes, nobody’s switching jobs, America’s mobility is stalling
#16There aren’t enough homes or jobs. What do?
Re: Nobody’s buying homes, nobody’s switching jobs, America’s mobility is stalling
#17Earlier quoted context omitted.
Because you've all treated housing as a financial instrument, instead of what it should be: safety for your family.
I look at it as an expense. If you can sell and make a few bucks, great. But I doubt any new buyers will make out. I expect in the not to distant future, the only way someone will get to own a house is to inherent one.
Re: Nobody’s buying homes, nobody’s switching jobs, America’s mobility is stalling
#18Homes are unaffordable to most. Even if you sell your house for a million dollar where will You move to? As far jobs are concerned the job market is completely fucked up. Their is oversupply and there are no wage increase. It does not take a genius to understand why there is no mobility.
Because you've all treated housing as a financial instrument, instead of what it should be: safety for your family.
Re: Nobody’s buying homes, nobody’s switching jobs, America’s mobility is stalling
#19Homes are unaffordable to most. Even if you sell your house for a million dollar where will You move to? As far jobs are concerned the job market is completely fucked up. Their is oversupply and there are no wage increase. It does not take a genius to understand why there is no mobility.
The job market is scary. I can afford a better house right now but am scared shitless I won’t be able to keep my income up. So we stay in our small old house for now, maybe forever.
Re: Nobody’s buying homes, nobody’s switching jobs, America’s mobility is stalling
#20Improving mobility means that you have to make a single earner household a viable pathway again. That means bring house prices down and subsidizing childcare.
Which would cost a bunch of billionaires a couple of pennies. So it will never happen.