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You know who it is good for? Boomers who are selling their big houses to go live in a condo or nursing home. Guess who votes for this shit.
Also good for people who want to flee the US before the bubble pops.
We absolutely want to, and if having money was the only barrier to doing so, we'd sell in an instant, but unfortunately it's simply not an option for a lot of people
What's the plan, if not welcome in the new country? Or it's invaded by the US?
There's plenty of countries (in Europe or elsewhere) where Americans are still welcome. Here in the Netherlands we have quite a American community and we like having them, as long as they're not maga crazies.
For me it's not even a matter of who is accepting of Americans, but who will allow me to move there. I'm an "uneducated" factory schmuck and the vast majority of countries have some professional or monetary requirements I can't meet :(
Japan lets Americans come, visa on arrival. If you want to stay longer than 90 days, you can start a business, you have a lot of leeway here, and loans are pretty cheap, like 8% for foreigners, <4% if you've been here awhile. Huge foreign community can guide you when you get here.
If you're in your 20s, you can get a working holiday visa and work for any company that will hire you.
You can't just step out for an hour and reenter like with China, Japan doesn't like visa-runs.
With China, you can get an L(tourist) visa and make a visa-run every 90 days (60 if you applied outside USA), or M visa if you plan to start a business.
The China visa process kinda sucks, dm me if you need help.
For vietnam, you can go there on a 90 day evisa, and if you're white, a fake college degree can have you working as a fake English teacher at a fake English school, for real dong.
I appreciate the information!
Aww but I don't like dong :(
You can exchange dong for goods and services.
Importing the crazy to your country. Americans are just sick they have their fairy tail founding and the we are the god given people complex.
Overly broad generalizations are not helpful. In any case, the Americans likely to leave are not the idiots who voted the fascists into power.
And if the US decides to attack there, what will the person I asked the question do?
And, you know, US Presidents whose families own real estate empires.
If no one can afford the boomer homes, the houses stay unsold so there's a balance when trying to maximise profit.
As mentioned above, that's fine for investors actually. They don't want individuals buying homes. They want people renting them. Across a long enough period, renting will be more profitable so they are happy to buy them up even if your average person can't afford the mortgage.
Why is this becoming so acceptable to Americans?
Boiling frog.
Remember, when Al Bundy and Homer Simpson showed up, they were considered 'middle class.' Homer had a house and two cars, his wife stayed home. That was normal.
In 1960, minimum wage was $1.00/hour and the average US home was $11,000.00. At that time, $1 million was a vast fortune. Nowadays, $1 million is what a rich guy pays for a party.
A honeycrisp apple costs over two fucking dollars. Five years ago it was fifty cents. Not fifty years ago. Five. Small, but entirely emblematic of the problem.
Mmm I don't know about this one, I worked at grocery stores 15 years ago and fancier single apples were around $1.50.
Neat, and totally irrelevant because we have no idea if our examples are geographically proximate. In the area I'm living in now, at the same grocery store, the price of a honeycrisp apple has more than quadrupled in the last 5 years. Averaged out that's 60% YoY inflation.
And there is a reason: https://www.youtube.com/watch?v=Z8-wqv9_-Ac
Okay well if they were $6 I would have mentioned that. They're not, they're like $2.
Don't get me started on luxury inflation.
Look at things like the prices for live sporting events and concerts.
Back when The Beetles were the hottest band in the world, teenagers were buying their own tickets.
Middle class folks used to be able to splurge once in a while and get the best of the best. Now that stuff is beyond the reach of mere mortals
Because the people who don't accept it don't have the power to reject it. We are owned by billionaires and our system is corrupt to the fucking core.
It's really not. The affordability crisis is one of the reasons you're seeing the unraveling of America to begin with. Americans (myself included), like most other people, are stupid, emotionally driven creatures. They can't buy a house or afford groceries so they elect a strongman who's going to get rid of the "other", because obviously it's their fault. This is not a uniquely American phenomenon, but in typical American fashion, we're being pretty extravagant about it. BoJo in the UK, the AfD, Marine Le Pen, it's a very familiar story and it's for the same reasons every time. Hitlers rise to power was in part due to a failing economy. The average person legitimately does not understand the factors that give rise to their social and economic situation and is easily manipulated by those with power and money. It may look "acceptable" to us from the outside because we're not tackling the root of the issue, but most people think they are, they just haven't actually identified the root issue. People stormed the capital in part because of affordability, they clearly want to do something, they are just too ignorant to understand. Also racism, but that's a whole different conversation.
A bunch of Americans are accelerationists in disguise. Such people strongly favor an invasion of Greenland, for instance, since it would greatly advance the accelerationist cause.
Yes, but when they do they cash out without needing comparable housing. Plus, more of them have finished paying their mortgages, so they can afford to wait.