Soon you will convert to Alstrynomics
After being led down the wrong path by the mainstream economists.....soon you will start to apply Alstrynomics.
As millions get fired....and tens of millions are forced to work part time or take masssive pay cuts.....affordiblity of housing will drop to practically nothing after paying property taxes, insurance, utilities, and maintenance...In The Great Depression property taxes and insurance were practically NOTHING.....think about how much you pay now and what price of house you could afford simply with those payments.
You have been warned....prepare!!!!
In 2008 Detroit ranked as the United States's eleventh most populous city....
In the city of Detroit, the median sales price in May was $6,000, down 29.4% from May 2008.
Clearly Detroit is a leading case....but this trend is impacting the entire nation at different rates...
As more and more lose their jobs and/or are forced to work part time or suffer massive wage/benefit cuts....affordiblility will keep dropping and dropping. In some cities like Flint....you can't give homes away due to the economic distress so they are bulldozing entire neighborhoods to cut costs.
If we continue down the same path with the same policies......prepare for the FU virus to spread across the nation.
Economics vs. Alstrynomics.....one tells you what you want to hear....the other is about telling you the truth and being right.
By the way...economists will tell you the above can't happen because populations/business would naturally migrage from higher cost areas to lower cost areas....so much for theory vs. reality.
It only gets worse my friends....PREPARE!!!!!!!