A 30-Year Trap: The Problem With America’s Weird Mortgages

Discussion in 'Economics' started by gwb-trading, Nov 26, 2023.

  1. nitrene

    nitrene

    Housing can be fixed if the government did some smart planning by scattering some of the concentrated industries from the crowded cities.

    They should make a plan to move some of these crowded industries to say the Rustbelt or even the Southwest where land is cheaper than Palo Alto or Los Altos Hills. That would require a re-industrialization of sorts. I would imagine you would need politicians who actually invest in the US so most likely Democrats.
     
    #31     Mar 1, 2024
  2. Zwaen

    Zwaen

    I must say this boomer shift story also has a (grey) beard. Same story 20y ago we would see an enormous shift.. It’s just one of the narratives I suppose :rolleyes:
     
    #32     Mar 1, 2024