Oh there is nothing wrong in thinking house as an investment opportunity as it really is one, just like education for example. The problems come when people play with sums that are way out of their league and have no backup savings because they except to always find work or government to provide a safety net.goater24 said:Indeed, and good to find someone who actually knows what a ponzi scheme is. You are correct buddy. The previous generation have worked so very hard into shafting us into a pensionless state that will have to work untill we are 70.
Also a huge shout out to the lat generation of fuckers who thought buying a house was a investment opportunity. What have we become? The rabbit lives in its warren, the spider lives in its web. But its those humans who have sort shelter in a investment opportunity. All this and we need to pay these fuck wits respect lol! Our generations screwed and I will offer my respect to the folk who try and sort this shit out, regardless of how old they are!
Medical healthcare is becoming more and more expensive while life expectancy increases. This will obviously provide a huge pressure on government to radically increase taxation which in the long run will inevitably break the back of the public healthcare and pensions.
In a modern 'welfare' state people tend to work for something like 30 years in their life, yet with current lifespan receive 20 years worth of pensions in returns. What after the medical tehcnology expands that to 30 years of pensions? 40 years? 50 years? People wont give up the standard of living they have developed, especially after it starts to rise in an never-seen-before rate thanks to China and India coming out of poverty which will cause the rate of technological advancement literarly exploding.
No! Instead they as the greedy majority, will vote for more taxation to get more pension and social money and put a strain on younger generations. This is already a major problem as socialistic spending and political populism has already put nearly all of the western nations in huge debts. In Europe this is particularly problematic as population will start shrinking very soon and elderly will constitute a huge amount of the total population. I cant even dare to imagine what happens when the world population peaks and there will be NO IMMIGRANTS to keep the population levels from collapsing.