First-Time Homebuyers Are Absolutely Screwed
zerohedge.com
zerohedge.com
Occasionally their data monsters pull out a winner but it can be a lot to dig through.
Also as an Australian, "First time for you?". We have been waiting for a gap into the market for well over a decade.
On a serious note, I first heard of the covid pandemic around new years, still in 2019--a few months before it got on any other news sources' radar
I am not down on ZH, they do some really neat things, it is just that it sometimes they need a little boiler plate warning on their content.
The article might be bang on but I wonder whether it makes sense to take it seriously when there's red flags like this.
ETA: One thing I appreciate about ZeroHedge is that they include their sources. For example there was an article earlier today about a court ruling and the text of the ruling itself was embedded right there, inline with the article. Similarly when they mention a post on Twitter you can usually read the tweet for yourself and decide if their analysis is appropriate. That is a breath of fresh air after spending time on so many news sites (both major and more "fringe" ones) that just expect you to take them at their word. I'm not saying everyone should follow their lead exactly, but is it too much to ask that the primary source that is the focus of an article at least be linked somewhere at the bottom of the page, CNN?
> Tyler Durden is a pretty obvious reference to the quote "On a long enough timeline, the survival rate for everyone drops to zero"
It's an obvious reference to the character, using his name. It's not at all obvious from this article alone that it's referring to this quote. But you probably have some more context about this website? What is it about this website or this article that makes you think it's referring to this particular quote?
The quote is at the top of the page right next to their logo.
I believe the vast majority of articles on ZeroHedge have the author listed as Tyler Durden. Might be a placeholder for anonymous submissions.
> Zero Hedge (or ZeroHedge) is a far-right[13] libertarian[18] financial blog and news aggregator.[14][15][19] Zero Hedge, per its motto,[a] is bearish in its investment outlook and analysis, often deriving from its adherence to the Austrian School of economics and credit cycles.[23] While often labeled as a financial permabear,[24][25] Zero Hedge has also been described as a source of "cutting-edge news, rumors and gossip in the financial industry".[26]
> Over time, Zero Hedge expanded into non-financial political content,[c] including conspiracy theories and fringe rhetoric[3][28] advancing radical right,[15][29] alt-right,[30][31][32] and pro-Russia positions.
"Scientists Haven’t Found Proof The Coronavirus Escaped From A Lab In Wuhan. Trump Supporters Are Spreading The Rumor Anyway." Buzzfeed April 22 2020.
[31] "The role of technology in online misinformation"
[7] "Who 'Created' Covid?"
[11] "How social media platforms are fighting coronavirus misinformation"
[28] "MAGA speech clashes with coronavirus misinformation crackdown"
[54] "Twitter bans Zero Hedge after it posts coronavirus conspiracy theory"
[3] "Conceptualizing "Dark Platforms". Covid-19-Related Conspiracy Theories on 8kun and Gab"
Here's a direct quote from that last one:
> ZeroHedge is infamous for making controversial commentaries on socio-political issues; during the pandemic, its Twitter account was suspended for propagating conspiratorial claims that blamed the Wuhan Institute of Virology for creating the novel coronavirus.
E.g. #11
>The most high-profile instance came when Twitter permanently suspended the account of Zero Hedge, a far-right site that purports to share finance and economic information, for circulating a theory blaming one Chinese scientist, without evidence, for creating COVID-19.
Is not the same as 'covid leaked from a lab.'
The argument was over whether Covid-19 evolved naturally and was spread to humans from a colony of wild bats or was engineered at the Wuhan Institute of Virology and was subsequently leaked. The leak theory was, in those unenlightened times, considered "right wing propaganda".
This is the article in question if you care to read it: https://www.zerohedge.com/health/man-behind-global-coronavir...
The article says that the outbreak probably originated from the lab, and this is the guy that is capable of engineering it. It then goes on to list papers he published and research he was involved in. That list of papers, and the job posting cited in the article coupled with the geographic origin of the infection being colocated with the lab sure look like evidence to me. Circumstantial evidence, sure, but evidence all the same. Talk about mischaracterization.
Were basically at the start of the price reset that will likely take years.
Then take 8 years to make it back to the price they paid
The problem is entirely caused by real estate investors both foreign and domestic looking to park their hot money in something that can't be printed.
Low-key hope the fed manages to collapse housing prices to goose these all cash buyers into the red.
I can see how that would be one analysis in dense and growing cities, but I wonder how much of this holds true in less densely populated areas where there are homes available, but they are unaffordable because of insufficient wages.