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Joined 1 year ago
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Cake day: July 1st, 2023

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  • Yes, I was wondering about the same thing. However, I haven’t been active in relevant communities since a few months after the covid crash. So, I don’t know “what’s up” with the market.

    But I think ETFs are still valid. Due to the once-in-a-lifetime events of the past years, I think it’s just many companies having difficulties and a similar amount of other companies doing great. Hence the sideways trend. Or its just the rich controlling the trading being more conservative and buying out everytime they can.





  • I would argue that Germany is not a socialist country. Politics are targeted at the already wealthy and cooperations.

    I’m not versed enough in politics and history to give detailed examples. I’m just a normal guy. However, I’m currently listening to the Jung & Naiv podcast on Spotify.

    In episode 661 they discuss the development of the housing sector since the 1950s and very little in the 18th century. The important information is that the housing sector grew from being socialist to being a housing market.

    I think they mention that in the 50s there existed a “Kostenmiete” (Cost-rent). That would only be allowed by law to be as high as it needed to be to cover the costs for building the house/flat. The owners were not allowed to make profit exceeding 3.5%. Any profit had to be put into housing again to keep the housing sector growing. Around that time the state was heavily supporting housing unions and other groups (not cooperations) to build housing. The state itself built 500.000 !!! appartments a year. Last year the interview says they built 6 appartments. Six, in case you thought you read a typo.

    ¯\_(ツ)_/¯ At least in the housing market we are not socialist anymore and it becomes worse every year. Education becomes worse every year. The medical sector becomes worse every year. Public transport becomes worse every year. Loans do not keep up with inflation. Everything becomes more expensive.

    Yes, we are better off than many. But are we not just richer slaves with more benefits than others? The interview says that there exist studies that estimate 11 million households to qualify for social housing. In some cities that is 60% of their population. 60% quality for social housing. Are we alright?