Bublé

Home prices in Hawai'i Kai are hovering at $1.4 million, on average. We're talking about small, three-bedroom, 1.75 bathroom, "cookie cutter" tract homes. In five years, those homes will be worth $2.75 million. Yes, my bro and sister-in-law are multi-millionaires as I edge toward homelessness.

Silence, Little Lamb!

Home prices in Honolulu are following an exponential curve. Left unchecked, the prices will double every five years. There has been no official proclamation of a "housing bubble," so the assumption is that assets are tracking at a "normal" rate. The implication is, of course, that zero-interest rate policy (ZIRP) and "quantitative easing" (QE) by the central bank of empire are permanent fixtures. And, yes, ZIRP and QE are permanent.

Room rentals are tracking exactly with rising home prices. That's why room rentals in shared quarters in Hawai'i Kai have approached $3,000 per month at the upper end. Apartment rentals, however, have been lagging and following a more reasonable, albeit subjective, "fair market" rate. That, too, will end soon as the housing shortage increases.

Wage slavery no longer produces wealth. A generic wage slave can only barely "stay afloat" financially. Wealth can only be acquired through extreme financial speculation in the rigged casino markets. Investments can only provide returns through capital gains. Most peons wage slaves cannot afford to participate in such an activity. Thus, incurring large amounts of debt is the only option to "get ahead," even though the wage slave becomes a debt slave as well.

Needless to say, the empire's stock market and housing market will continue to rise indefinitely. There will be no cataclysmic crash of either for many years to come, if ever, at least in empire. No entity is going to sacrifice the only means to wealth, even if it's a huge Ponzi scheme. As I stated previously in the "blog," even the doomsayers have "changed their tune." All but a handful have embraced the "system" with open arms. So, love it, or lose it.

Surveillance Mini-Update®
The idiotic surveillance robot made another surprise visit at 6:40pm HST. Booyah!