/b/ - Random

By the way, I am a homeowner saying this. This is what should have been happening everywhere. I hope it does happen here. Unless it does happen everywhere then the oligarchy Epstein pedophile class keep getting richer hoarding assets while everyone else gets poorer and poorer which is not a sustainable system, certainly not representative of a free market. Everything is way overvalued today, driven by speculation and outright fraud.

Americans know nothing about capitalism anymore. It has been abandoned since we started outsourcing our industry and removed ourselves from the gold standard. That's OK, capital always finds another safe haven elsewhere once abandoned. As Martin Armstrong always said capital will always flee war and look for greener pastures, it has no alliance other than common sense.

I'm convinced we lost our way for good every passing day. If China allows the market to correct itself naturally without any intervention they'll have a very bright future ahead of them. It is very healthy for unsustainable bubbles to pop, for insolvent investments to go bust, for prices to stabilize without intervention, for markets to correct the record through math, supply and demand knows best.

Homes are for living in, not speculation.

Homes should not be like a 401K. Yes, an investment, but not something you should be relying on to make money. An investment for having a comfy roof over your head. An investment for having a family. An investment to die of old age in hospice. An investment for your children to inherit when you die.

This is the way we all looked at it 40+ years ago. If China is smart, this is the way they will look at it too. It is an opportunity to recover.... to recover from unsustainable overpricing and corruption!

The free market is all about the booms and busts, the nature of all things living. You have to allow the busts to happen after a boom. Nature recycles broken things and recovers, it is a healthy organic process of real economics. No intervention is needed, because intervention destroys the natural process, the order and stability and prohibits organic recovery. You need the busts to have another boom. When governments intervene in the markets it acts as a growing cancer. I sincerely hope and pray China learns from the mistakes the US has made.

 >>/78852/
The economy is an artificial construct. Markets need to be heavily regulated in order to function correctly, otherwise you end up with abominations like private equity firms bleeding the country dry. However in this case yes, the housing bubble needs to pop. Boomers can suck a dick.

 >>/78853/
> Markets need to be heavily regulated
Already has been for decades now. The entire economic bubble is subsidized by government today, a giant ponzi scheme.
> otherwise you end up with abominations like private equity firms bleeding the country dry
Already happening. Fair competition and consumer choice has been regulated out of existence, no longer exists today. Total monopolization of the stock market already took place, it was called "mergers and acquisitions".

 >>/78853/
> However in this case yes, the housing bubble needs to pop. Boomers can suck a dick.

ALL bubbles should pop. It is completely parasitic for the government to prop up debt insolvency and bad investment schemes at the expense of everyone else. That's how we consumers get stuck with SHIT services and SHIT products and low quality SHIT we don't really want and can't have access to better stuff because >muh regulations!

 >>/78855/
To be fair, SOME regulations are not totally retarded, some actually are beneficial in protecting the free market, such as consumer protection laws and anti-trust laws. However, we now have a government that no longer enforces those laws and very often blatantly ignores them due to corruption, bribery, lobbying etc. If we had a legit non-corrupted government none of what was stated would have happened.

This will definitely be a litmus test. We will see what China does and this will determine whether or not the Chinese are just as corrupt as other Western nations, run by the same kind of Jews/oligarchy.

If China does bailouts or rigs the market or forces price controls to "fix" this bubble collapse then we all know China is run by the same kinds of deep state actors we have. In that case, the world would be in a much worse situation going forward because it would mean nearly every country is fully taken over.