79
Oh look another once in a lifetime economic shock how original
I'm in this joke, and the last one, and the last one, and i don't like it.
I think I got enough on my punch card that I get a free sandwich on the next once in a lifetime crisis.
Sadly I think its one of those collect 9 stamps and you'll get the 10th crisis for free.
Why did you delete your China simp comment? Too weak?
It‘s okay. It‘s only the 4th major price shock in 6 years. We‘re actually getting used to not being able to afford anything. Isn‘t that right folks? Folks? Why are you carrying pitchforks and torches?
Why aren't you carrying pitchforks and torches is more accurate at this point.
For real. Mfers are wearing red hat instead….
OP are you an undisclosed bot?
I ask mainly because the 'Archive' link does not exist - like the URL has been automatically generated for the benefit of this post, but the content is not hosted on the Web Archive yet. That and the Ai-looking user avatar and mass of news articles posted regularly day.
Its fine if you're a bot BTW afaik, but just mention it on posts or in your user profile to set people's expectations re: errors/etc.
Your mom's an undisclosed bot.
I posted this before archive today was finished, just removing "/wip" from the url but archive today failed. It's been dogshit for the past few days for some reason. Generating a new link now and I'll update it when it's done. Thanks for letting me know it was broken.
Your mom’s an undisclosed bot.
This place is awful and I love it.
Okay archive.today is just dead set on being completely useless today. The main link is a gift link now.
Thanks for going through the effort!
Just a heads up, archive.today might not be useful ever again, your issues with it could be related to this: https://en.wikipedia.org/wiki/Wikipedia:Archive.today_guidance
Thanks for gift-linking it.
So everything is going down like Trumps casinos.
THE BIG ONE....
ABOVE SIX PERCENT OH NO WHATEVER WILL WE DO i think they were fifteen or twenty when i was born get real.
What was the average age of homebuyers when you were young? Was it over 40 like it is now? No. How many times have you had federal minimum wage increase when you were young? It's increased 0 times in the last two decades. Likely close to 11 for you. What was the rate of suicide in adults over 20 when you were young? Currently it's the 3rd highest rate of death in 2026 just under heart disease and cancer.
You have near monthly school shootings, or none at all?
You're cherry picking. The future we live in now is awful in comparison to what you lived.
cherry picking? no, not really. i just know what i'm talking about because i've studied it. i don't really feel like getting into a debate about the changing interest rates, tax rates, allowable depreciation rates in the tax code and what those did to investment, how the allowable depreciation rate changed the prime rate and how REMICs influenced the Fed to lower the prime rate to get them access to cheaper investment capital and how that influenced consumer mortgage rates. just, my point which i guess you need a doctorate in taxation and economics to understand is that corporations can make it worse
Ok boomer
My dude. You can just look at the current stock market and compare it to the Nifty 50 bubble from the late 70's to see how fucked everything is about to become.
You don't need anything you just said. You're just making excuses to avoiding engaging with the very valid points I made because you incorrectly assume I don't have a masters in economics likely more recent that yours.
So here's a bunch of easily comprehensible facts that competely disproves your bullshit entirely:
First-time home buyers now make up just 21% of the market—the lowest share since NAR began tracking.
First time home buyers are at record lows.
The median age of first-time buyers is 40—a record high
Highest average home buying age ever recorded is now, and it's 40.
Which means, clearly, for the first time ever recorded, Americans need to work into their 40's to be able to buy their FIRST HOUSE. You likely bought your first house when that average was 20.
the typical age of home sellers this year is 64, the highest ever recorded... those between the ages of 60 and 78, are the largest share of both home buyers and sellers—moving markets more than younger generations often due to their better financial position.
Younger generations do not have boomer money. They don't because real wages have stayed stagnant for 40 years.
... despite the strong labor market, wage growth has lagged economists’ expectations. In fact, despite some ups and downs over the past several decades, today’s real average wage (that is, the wage after accounting for inflation) has about the same purchasing power it did 40 years ago.
So a 2026 dollar is now worth about the same as a dollar earned in 1989. Wages have not grown, only prices. So Americans can't afford homes until their 40's.
This is basic economics. I don't even need to calculate trends or slopes to understand how this is just cause and effect.
You have no idea what you're talking about. Please read the above to expand your education rather than hiding behind it as if it's something incomprehensible.
this post was submitted on 13 Mar 2026
79 points (97.6% liked)
World News
55826 readers
224 users here now
A community for discussing events around the World
Rules:
-
Rule 1: posts have the following requirements:
- Post news articles only
- Video links are NOT articles and will be removed.
- Title must match the article headline
- Not United States Internal News
- Recent (Past 30 Days)
- Screenshots/links to other social media sites (Twitter/X/Facebook/Youtube/reddit, etc.) are explicitly forbidden, as are link shorteners.
-
Rule 2: Do not copy the entire article into your post. The key points in 1-2 paragraphs is allowed (even encouraged!), but large segments of articles posted in the body will result in the post being removed. If you have to stop and think "Is this fair use?", it probably isn't. Archive links, especially the ones created on link submission, are absolutely allowed but those that avoid paywalls are not.
-
Rule 3: Opinions articles, or Articles based on misinformation/propaganda may be removed.
-
Rule 4: Posts or comments that are homophobic, transphobic, racist, sexist, anti-religious, or ableist will be removed. “Ironic” prejudice is just prejudiced.
-
Posts and comments must abide by the lemmy.world terms of service UPDATED AS OF OCTOBER 19 2025
-
Rule 5: Keep it civil. It's OK to say the subject of an article is behaving like a (pejorative, pejorative). It's NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
-
Rule 6: Memes, spam, other low effort posting, reposts, misinformation, advocating violence, off-topic, trolling, offensive, regarding the moderators or meta in content may be removed at any time.
-
Rule 7: We didn't USED to need a rule about how many posts one could make in a day, then someone posted NINETEEN articles in a single day. Not comments, FULL ARTICLES. If you're posting more than say, 10 or so, consider going outside and touching grass. We reserve the right to limit over-posting so a single user does not dominate the front page.
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
Lemmy World Partners
News !news@lemmy.world
Politics !politics@lemmy.world
World Politics !globalpolitics@lemmy.world
Recommendations
For Firefox users, there is media bias / propaganda / fact check plugin.
https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/
- Consider including the article’s mediabiasfactcheck.com/ link
founded 2 years ago
MODERATORS