Comments by "" (@jmitterii2) on "West Virginia Teachers Strike Enters Second Week!" video.

  1. The so called gentrification, essentially domestic and foreign money from various people with a nest egg seeking to park their money in real-estate bumping up housing prices in all capitols and other large cities around the world, is causing the problem of rising prices. And rents and mortgage has always been at least third of peoples' income. Presently its often half to 2/3 their income. And many of those bought up apartments and houses sit empty. Toronto Canada put in tariffs to stop at least the foreign investment dumping into their real-estate leaving empty vacancies; which seems to be working prices declined significantly over the past year to more affordable pricing. Much of the NW is caused by both China and Russian well to do and further up the elite parking money outside their countries to hedge their bets as things aren't going well in those countries. There's more than just those two countries' oligarchs and affluent parking their money in real-estate around the world. Kind of funny that China is doing it globally after resulting in their current ghost city bubble; its in the midst of collapse, but hasn't fully, and some empty condo projects are still being built, so they probably haven't really learned their lesson yet. Problem is in the short and mid term, it causes cities and towns huge problems, can't get workers to their job locations, nobody can live there so smaller retailers and businesses start to flounder from lack of jobs. Even dentist offices start to close up because all their patients don't live there no more. This period of time will be considered the weirdest thing in economic history.
    1