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One of the most striking but under-discussed insights from this year’s World Happiness Report was that the marked worsening in young adult mental health over the past decade is primarily, if not exclusively, an Anglosphere phenomenon.
Stress and anger is (self-reportedly) up in the Anglophone countries... but flat everywhere else. What's up?
It’s a similar story for young people’s faith in the ultimate social contract: that if you work hard you’ll be rewarded with security, stability and status. Outside the English-speaking world, confidence in this fundamental tenet of societal fairness is flat across the age spectrum. In the Anglosphere it is high only among the oldest, and in tatters among the young.
Apparently some people thing it's the British and Americans and wokey Canadians/Aussie's proclivity to incessantly talk about mental health that's the self-fulfilling prophecy. OR, it's something else...
In Germany and Spain real house prices have climbed 32 and 44 per cent respectively since 1995. In the US the equivalent figure is 85 per cent, while the UK, Ireland, Australia, New Zealand and Canada all come in north of 200 per cent. The result has been a brutal snatching away of the particularly Anglophone dream of home ownership.
Result? Home-ownership rates among the young pluuuu-meeeeet.
English-speaking governments, policymakers and societies more broadly have raised a generation to play the home ownership game. They have then not so much ripped up the rule book as confiscated the board and all the pieces without explanation.

"It reflects a generation’s direct experience of reality."

The Anglosphere has cut a generation adrift. It’s time to reach out a helping hand.
Fuck nimbyism; it was always about housing.

I really can't wait until Bitcoin demonetizes real estate. Housing is a simple thing, and with automation we will built it at scale, forever. Housing for 0.01 BTC is not absurd this decade. Its just not rare enough relative to sats.
The malaise in the west is due to the flagging economy, as result of debasement for years, to pay for failure, wars and debt.
Bring on the sound money, its here, but some don't understand yet.
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22 sats \ 0 replies \ @OT 9h
We didn't have this "mental health" or "wellness" stuff when I was growing up. I can't remember when it started growing as a thing.
Unaffordable housing, declining religion, internet dominance, food... Pick your scapegoat.
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My guess is that it’s due to English being the lingua Franca so the global feed of psyops is concentrated in our native tongue.
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believable, I guess
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Just my initial thought. Otherwise you also need to explain what English has to do with housing prices.
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I had a housing econ professor once who said it had to do with geography: all these cities (Vancouver, Sydney, LA, San Fran, New York) are on the coast, meaning some portion of otherwise buildable land is sea -- so less land than, e.g., Austin or whatever
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Only English speakers like water?
I know of some literature about the natural supply constraint of water (somebody tell the Dutch) but not international comparisons.
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Only English speakers like water?
Yes, obvs... Are you some kind of racist?!
id also be interested in knowing why the correlation in English speakers, housing affordability and young adult mental health is.
it probably is a mix of this
global feed of psyops
and the fact that kids these days are just dont understand struggle.
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It's because of NIMBYism.
Lots of people like to blame this on their favorite pet issue. But the evidence that housing/zoning regulation is to blame is overwhelming
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Yes, since the neoliberals of the 1980s removed the restriction that was previously imposed upon commercial banks lending to any purpose other than productive infrastructure.
Here in New Zealand the ratio of non productive housing finance issued by commercial banks has risen from below 5% in the 1970s to over 60% now.
IF you are going to have a fiat system where via fractional reserve bank lending for profit banks can create new money whenever they issue finance it must surely be directly exclusively toward purposes that will probably increase and improve the broader economy- but the crafty neoliberals ignored that logic and empowered the bankers to finance any purpose so now the banks increasingly finance non productive housing and that has resulted in a deluge of fiat debt money pumping the housing market.
Why young people are not demanding a reversal of this corrupt misuse of fiat debt funding I do not understand. They seem to have been brainwashed by the bankers narrative of pure BS that does everything to divert and distract from this massive crime against financial and monetary logic and equity.
The whole process has been politically expedient keeping home owner voters and the politicians major sponsors, the bankers, very happy and maintaining an illusion of wealth creation while China has decimated the wests competitive advantage in manufacturing- but the debt mountain that it has created is a noose around the neck of western economies and will impact the young the most while they have enjoyed the least of the speculative gains.
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stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.