skells @skells@qoto.org
Joined Feb 2021
skells
boosted
Regardless of the CPI numbers today, we're reaching real Weimar hours economically. I'm finally starting to see some of that "we thought we had become rich!" regret seeping through amongst those who thought selling an asset early this year or last. I know people who sold their home for what they thought was "Fuck you" money now just sitting in a rental because they can't afford to buy or build. I know people who traded in their perfectly good, late model cars for a "windfall" who are now stuck driving around in 90's beaters because they can't afford these $10k dealer markups on basic economy sedans.
This is also why I don't think any of you expecting housing prices to come down to sane levels (50-70% crash at these mortgage rates) should get your hopes up. That requires people to sell and right now everyone who owns a home is grandfathered in to a cheap price at free (3% or less) interest on their mortgage. They're simply never going to list that house and if mass unemployment threatens to leave millions homeless, you can bet the government will bring back the lockdown era mortgage deferral policies.
This is also why I don't think any of you expecting housing prices to come down to sane levels (50-70% crash at these mortgage rates) should get your hopes up. That requires people to sell and right now everyone who owns a home is grandfathered in to a cheap price at free (3% or less) interest on their mortgage. They're simply never going to list that house and if mass unemployment threatens to leave millions homeless, you can bet the government will bring back the lockdown era mortgage deferral policies.
@sim agreed, can't say I'm impressed with much going on rn, important to Keep things in perspective in any case
@sim a good deal of that consumerism is fuelled by cheap money; people are floated above reality by monetary policy and have the freedom to experiment and take risks.
with the economy coming into a genuine slowdown people will be forced to husband their energies and get their feet back on the ground - with the added benefit of all the diversity we have seen join the country, fresh blood, fresh ideas are all good as long as they don't overwhelm the spirit of a country.
@sim That being said, Britain is no longer an empire and the way forward, IMO, is more decentralisation and localism
@sim Rome fell in part because they stopped respecting newcomers - after the Roman leaders they had Spanish, then Illyrian. They balked at Germanic and the Empire fell.
@atyh trust the plan, patriots in control
skells
boosted
@atyh he'll need fast footwork to break that streak
@atyh caught in the gears of history and all I got was this Crimean mansion
skells
boosted
we've never seen cobra levels like this
(97%) ■■■■■■■■■□
@atyh CIA a'comin for you bro
> journalist Owen Jones accused Mordaunt of "throwing trans people under a bus to advance her own career" after she appeared to negate her 2018 statement that "trans women are women and trans men are men" by insisting on a strictly biological basis for womanhood.
> Mordaunt argued that Oxfam, which had received £32m in Government funds in the previous financial year, had failed in its "moral leadership" over the scandal. She also said that Oxfam did "absolutely the wrong thing" by not reporting the detail of the allegations to the Government. Mordaunt felt it was important for aid organisations to report offences because she suspected that there were paedophiles "targeting" the charity sector in order to carry out predatory activities.
> Mordaunt served as Parliamentary Under-Secretary of State for Decentralisation from 2014 to 2015, prior to being appointed Minister of State for the Armed Forces in 2015, the first woman to hold the post.
> In 2000, she worked briefly as Head of Foreign Press for George W. Bush's presidential campaign.
> Mordaunt read philosophy at the University of Reading, graduating in 1995 with upper second class honours. She was the first member of her family to attend university.
> Through her mother she is a relative of Philip Snowden, the first Labour Chancellor of the Exchequer.[7] The actress Dame Angela Lansbury is her grandmother's cousin,[8][9] and she is thus distantly related to the former Labour leader George Lansbury.
Joined Feb 2021
