Introduction. My take on New York City’s high cost of living crisis is simple: The government’s response was too little, too late. Sure, some things were unforeseeable — like the pandemic and the recent migrant crisis, both of which put immense strain on the city’s resources. But the affordability crisis itself wasn’t a surprise. The warning signs … Continue reading The High Cost of Living in New York City Discussion with ChatGPT. Financialization, Greed, and Corruption have gentrified the city.
Tag: Real Estate
Revisiting a Classic Time Capsul: The HousingPANIC Blog.
The "HousingPANIC" blog documented the unfolding housing bubble and subsequent crash in real-time from 2005 to 2008. The blogger expressed strong opinions about government incompetence, media complicity, and the greed of the real estate industry. Posts included news articles, economic analysis, and personal anecdotes to paint a grim picture of the housing market's deterioration. The … Continue reading Revisiting a Classic Time Capsul: The HousingPANIC Blog.
Australia’s Austerity Measures. What Can We Learn From The Real Cause of the Home / Rental Crisis?
60 Minute Australia aired an episode about the high costs of living crisis in Australia, which includes the high cost of goods and services that occurred due to the pandemic. Around the world, countries are raising interest rates to handle and tame the raging inflation. Basic economics, right? Inflation came from the money printing machine, … Continue reading Australia’s Austerity Measures. What Can We Learn From The Real Cause of the Home / Rental Crisis?
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