Current Events — HabitableZone

Current Events » in reply to I was brought up in a place like that: "Clair-Mel City"

Bro...

Your negativity is almost toxic. Consider this, people living through the Great Depression and WW2 probably thought things were never going to get better. Their children and grandchildren's lives would be worse than their own. After a decade and a half long shitstorm there were not a lot of optimists around. In fact there was a widespread belief that there would be a post war economic crash to rival the Great Depression. But it didn't happen. America has had consistant economic growth and global superpower status for almost 80 years. Sure we have problems but we have come a long way from 1945 in standards of living, health, education, social progress, and so much more. And just the last quarter our economy grew at 4.9%! That is a direct reflection of the deep investments in made over the last couple years by the Biden Admin., and it's the first time in many decades our economy has outpaced China's. Things are vastly better for our outlook now than in the dark days of the 1930's. I believe the economic future is bright and our problems are solvable. Our biggest problem is not our economic outlook, it's our toxic politics.

Addressing the cost of housing that you mentioned, there is a solution. It will actually solve two problems. There is currently a huge surplus of commercial real estate available especially in downtown areas of major cities, as a result of the pandemic. Converting all that empty office space into rentals and condos would ease both the housing shortages and office surpluses in areas like Southern California, New York, and other places. That would drive down rent and home prices. That creates a problem for landlords and for current homeowners, but again, nothing is ever acheived without a cost. If implemented gradually enough to prevent market shocks, the benefits would outweight the drawbacks.

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