Unpopular Opinion
Welcome to the Unpopular Opinion community!
How voting works:
Vote the opposite of the norm.
If you agree that the opinion is unpopular give it an arrow up. If it's something that's widely accepted, give it an arrow down.
Guidelines:
Tag your post, if possible (not required)
- If your post is a "General" unpopular opinion, start the subject with [GENERAL].
- If it is a Lemmy-specific unpopular opinion, start it with [LEMMY].
Rules:
1. NO POLITICS
Politics is everywhere. Let's make this about [general] and [lemmy] - specific topics, and keep politics out of it.
2. Be civil.
Disagreements happen, but that doesn’t provide the right to personally attack others. No racism/sexism/bigotry. Please also refrain from gatekeeping others' opinions.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Shitposts and memes are allowed but...
Only until they prove to be a problem. They can and will be removed at moderator discretion.
5. No trolling.
This shouldn't need an explanation. If your post or comment is made just to get a rise with no real value, it will be removed. You do this too often, you will get a vacation to touch grass, away from this community for 1 or more days. Repeat offenses will result in a perma-ban.
6. Defend your opinion
This is a bit of a mix of rules 4 and 5 to help foster higher quality posts. You are expected to defend your unpopular opinion in the post body. We don't expect a whole manifesto (please, no manifestos), but you should at least provide some details as to why you hold the position you do.
Instance-wide rules always apply. https://legal.lemmy.world/tos/
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The housing bubble topped in 2022.
Its currently crashing significantly from all time highs in about half the country.
You are just factually wrong about housing prices.
~30 million families who bought homes basically from 2022 and on are all gonna be at risk of foreclosure.
... Housing bubble is already popped, its just not crashing instantaneously, nor perfectly evenly everywhere. It'll take around half a decade, minimum, from here, to play out fully.
AI bubble will pop.
It arguably already is, with so many tech companies that paid so much LLM services, and then they figured out it couldn't do that much or was not worth the investment, so now they're massively cutting head count, to lower paid out wages, so they can maintain solvency / profit margins.
Only about 1/4 of the planned build out of AI data centers are... actually any kind of underway. The financing for the other 3/4 is basically falling apart right now.
Now... do these things mean that prices generally in these industries will go back down to being generally affordable for the average person?
No.
... why would it?
You come out of a crash at a new equilibrium, with a fundamentally different structure to the economy.
That structure will essentially be techno-feudalism.
You know, either the upside or downside of the K.
Hyperwealthy vs. you will own nothing and be happy.
The stock market may also continue to rip upwards.
... But not if priced in other currencies, other vital commodities and trade goods.
Go look at a graph of DJIA priced in gold, over the last few years.
https://www.macrotrends.net/1378/dow-to-gold-ratio-100-year-historical-chart
See we're now also, currently, having a massive financial crisis, government debt crisis, consumer debt crisis... and monetary crisis, all at the same time.
You know what a stock market historically does in hyperinflation?
It hyperinflates.
Either to the point that it eventually implodes along side a whole bunch of concurrent financial fraud (basically), or the monetary crisis becomes so severe that the currency gets reset, revalued, replaced, and thus the stock market also gets basically reset.
If you haven't heard about half the stuff I'm talking about, well, that's because the media isn't covering it so much, whole lotta absolutely insane shit going on these days, and also... they longer suckers think this isn't all gonna implode, well, thats more bagholders for when the rich and connected decide its time to 'strategically reevaluate their invesements.'