I am a person that sees "worst case"...so I want to know if I'm being paranoid or not. I'm seeing things that make me very, very uncomfortable.
- The rapid rise of real estate, especially luxury real estate. In California, it is NOT uncommon to see nice track homes that are 3,000 sq foot going for around 1.8-2 mill. These are not mansions, these are not architecturally significant. These are track homes where engineers, software sales people, and a lot of white collar lives.
- Social unrest-a few of my friends see this, most don't comment. Have we forgotten the riots? The political scene is turning uglier and uglier...and I think things are becoming more socialist. Being labeled xyz if you don't agree with a topic. I'm finding myself just not talking anymore...seems conversation doesn't exist, anger/agree with us does.
- A lot of people making a lot of money-since the pandemic began, I know many people who have gotten raises. These are normal people. I see a lot of people making well over $10,000 a month. I know people saying $2,500 rent is normal.
- Ignoring what's going on/a tale of two cities. I see this primarily in older (50+) people I know. They live in nice suburbs and their equity is up $500,000. They have no concern for homelessness. It seems it's not on their radar, or at least they are hiding this. Los Angeles is rapidly reminding me of terminator 2 yet it's ignored.
- The winners and losers from digitization. I know a lot of college grads who are on the other side of #3-they did what society told them, they went to college. They are between 26-32-they have NO assets. They rent rooms yet they have normal jobs...not rent apartments, they rent rooms. What happens as they get close to 40s?
I don't want agreement. I want to know-am I being melodramatic? Are things much different than I imagine or is society shifting, fast, and these are actually happening?
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