You old enough to have seen a lot.
On 2026-03-08 01:20, Steve Litt via PLUG-discuss wrote:
On Sat, 07 Mar 2026 18:23:14 -0700
Keith Smith via PLUG-discuss <[email protected]> wrote:
Interesting video says housing down turn is tied to tech :
https://www.youtube.com/watch?v=Xmk4UzqYupY
Keith
He who forgets history is bound to repeat it. The Dutch tulip bubble.
The 1929 crash. The 2008 housing crash that nearly brought on SHTF. The
state governments can pass all the laws they want criminalizing
homelessness and build more prisons to house them, but if nobody can
pay
the rent, the speculators must hold a fire sale. My dad told me all
about the Great Depression and Hoovervilles. And of course *everybody*
says "it's different this time." Different year, same shit.
If it hadn't been tech it would have been something else.
Float back to 2009 and 2010 and remember that ubiquitous phrase, "bank
owned properties." It's baaaaack.
Even if machines do every last bit of the work and normal people are
left jobless to starve, it's going to be a bad economy for everybody.
My
advice is the same as it is every year: Don't spend money.
It should be interesting.... I;m glad I am old... Was a great
life.....'
SteveT
Steve Litt
Featured book: Troubleshooting Techniques of the Successful
Technologist http://www.troubleshooters.com/techniques
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