Tela Network

Young people in the modern world are being asked to act as heirs when they are actually tenants. They were raised on expectations of: autonomy, self-expression, mobility, romance, meaningful work, home ownership, and gradual upward movement. What they got: High housing costs, delayed family formation, wage shrinkage relative to assets, bureaucratic job markets, credential inflation, social atomization, and: an online world that floods them with stimulation and eliminates real status, real community, and real purpose. They are surrounded by immense wealth, advanced systems, and unprecedented flows of information, but they have no prospect of ever owning any of it. Without the old established pathways into meaningful levels of agency + ownership, they cannot develop into social adulthood. History suggests several different outcomes to this situation. One thing is for sure: The current setup is not a stable state and will not continue. It will change into a new state.

New Post: Presidential Tweet Mode https://www.linkedin.com/posts/stjohnpiano_at-solidi-in-preparation-for-international-activity-7334138828607139840-WdYX Mood music: Just Like You Imagined, by Nine Inch Nails https://www.youtube.com/watch?v=6P_YISMJ4sQ Excerpt from Housing Is Both a Product and an Investment, by Michael Magoon https://substack.com/home/post/p-136980783 Housing is unusual because it is both a consumer product and an investment. Most products that you buy on the market depreciate rapidly after the initial purchase. This makes them extremely poor investments. When a person buys a home, however, they are not only purchasing a place to live. They are also purchasing an investment that can potentially accrue more value over time. For many homeowners, their house is their most substantial investment. ... This places the financial interests of homeowners in direct conflict with those who do not own homes.