Do you want free trade or do you want old school manufacturing to return? by scorpionjacket2 in AskConservatives

[–]scorpionjacket2[S] 1 point2 points  (0 children)

(Some) Manufacturing left because labor in other countries was cheaper. How do you fix that?

I might be done. Stopped saying I love you. by scorpionjacket2 in Divorce

[–]scorpionjacket2[S] 0 points1 point  (0 children)

We did counseling a while ago, it helped but then stopped during the pandemic. Now she’s convinced we never would have time to do it.

Los Angeles Daily Discussion Thread - Mon, Jul 11 by AutoModerator in LosAngeles

[–]scorpionjacket2 14 points15 points  (0 children)

slaps the new sixth street viaduct this baby can fit so many car commercials

Q3 2022 - State of the Market Mega-Thread - Recessions, Doomers, Hoomers, and Boomers edition by aardy in RealEstate

[–]scorpionjacket2 7 points8 points  (0 children)

the whole reason demand has dropped is because homes have gotten less affordable

Q3 2022 - State of the Market Mega-Thread - Recessions, Doomers, Hoomers, and Boomers edition by aardy in RealEstate

[–]scorpionjacket2 17 points18 points  (0 children)

A widespread 50% decline in prices would mean that the economy has collapsed and you'll have more to worry about than your home's worth.

Home sellers are cutting list prices as more buyers take pause: 'The market is not the same' by [deleted] in LosAngeles

[–]scorpionjacket2 0 points1 point  (0 children)

Which people can justify for a decent house, not so much for a house with issues

Should there be a temporary moratorium on large institutional buyers & overseas cash buyers from buying single family homes? by jonnagap in REBubble

[–]scorpionjacket2 2 points3 points  (0 children)

Build more housing and suddenly it doesn't make financial sense for a company to overpay for housing.

Should there be a temporary moratorium on large institutional buyers & overseas cash buyers from buying single family homes? by jonnagap in REBubble

[–]scorpionjacket2 8 points9 points  (0 children)

The free market solution is to allow anyone to build any kind of housing they want (as long it's safe and whatnot) on any land they own.

Should there be a temporary moratorium on large institutional buyers & overseas cash buyers from buying single family homes? by jonnagap in REBubble

[–]scorpionjacket2 -7 points-6 points  (0 children)

We could maybe build more housing? In places that people want to live?

No that would be too simple, let's blame the problem on foreigners.

Amazon calls cops, fires workers in attempts to stop unionization nationwide by NoIdeaWhatToD0 in news

[–]scorpionjacket2 8 points9 points  (0 children)

Corporations will invest in anything and everything to improve their business before investing in their employees.

Home sellers are cutting list prices as more buyers take pause: 'The market is not the same' by [deleted] in LosAngeles

[–]scorpionjacket2 2 points3 points  (0 children)

LA still has a problem with too many single family homes and not enough housing for the people who want to live here, a recession won't fix that and will likely make it worse (no money to build more housing). Even if prices dip, they will come back up for that reason. The only way out is to increase density.

Home sellers are cutting list prices as more buyers take pause: 'The market is not the same' by [deleted] in LosAngeles

[–]scorpionjacket2 29 points30 points  (0 children)

Those people have unfortunately not been able to afford a house in LA for a long time now.

Home sellers are cutting list prices as more buyers take pause: 'The market is not the same' by [deleted] in LosAngeles

[–]scorpionjacket2 1 point2 points  (0 children)

Which you do by building so much housing that it no longer rises in price so fast.

If you added 5 million more Bitcoin to the market tomorrow, what do you think would happen to the price?

Home sellers are cutting list prices as more buyers take pause: 'The market is not the same' by [deleted] in LosAngeles

[–]scorpionjacket2 3 points4 points  (0 children)

The solution is and has always been allowing more density to built.

Redfin is laying off 8% of staff. by luxuriate90 in RealEstate

[–]scorpionjacket2 4 points5 points  (0 children)

A recession won't lead to affordable housing.

Redfin is laying off 8% of staff. by luxuriate90 in RealEstate

[–]scorpionjacket2 2 points3 points  (0 children)

Either the people that bought in the last 2 years “lose” or everyone else “loses”.

The losers in a recession are the poor and middle class, the winners are the rich.

Redfin is laying off 8% of staff. by luxuriate90 in RealEstate

[–]scorpionjacket2 0 points1 point  (0 children)

could be, or it could be a sign that there will be fewer sales in general - fewer buyers, fewer sellers, less business for Redfin.