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It's big enough, with enough fertile land unlike Australia, that it can support a billion+ population. At the same time it's small enough, unlike Eurasia, that it could be a single political entity. To say nothing of the relative cultural uniformity caused by a colonial founder effect.
South America has similar potential but the cultural legacy of Spain was less fruitful than the cultural legacy of Britain.
Europe (if it can unite), India, and China all share the same landmass and will always be in contention with each other for dominance of that landmass.
North America, on the other hand, probably has the best alignment of geographical, political, and cultural boundaries of anywhere on earth save Australia. Which again has too little water to support a large population.
It's big enough, with enough fertile land unlike Australia, that it can support a billion+ population. At the same time it's small enough, unlike Eurasia, that it could be a single political entity. To say nothing of the relative cultural uniformity caused by a colonial founder effect.
South America has similar potential but the cultural legacy of Spain was less fruitful than the cultural legacy of Britain.
Europe (if it can unite), India, and China all share the same landmass and will always be in contention with each other for dominance of that landmass.
North America, on the other hand, probably has the best alignment of geographical, political, and cultural boundaries of anywhere on earth save Australia. Which again has too little water to support a large population.
Yeah...all that and nice climate in most areas. Sports world...entertainment world, strong military world, financial world....
The direction of just about everything seems to revolve around the US.
Do you seriously think that the US is the only place where this happens? That it is the only country with surging property prices?
In fact, property price growth in the US is tame for a developed country. We actually let property prices deflate back in 2008-2009. I would say this is a good thing, because it lets younger people get on the property ladder.
I would never move to Canada or Australia because the wage-house price ratio is so out of whack.
Do you seriously think that the US is the only place where this happens? That it is the only country with surging property prices?
What other countries do it on the scale of the United States with its 330+ million people? The US is the total package — the forefront of American civilization/power.
America is a country where people can live kings on a $15 minimum wage.
America in 2020 is but a broken shell of what it once was... America now is a "soft" police state and glorified Banana Republic. America now is the world's leading exporter of degeneracy, a land of obese, tattooed savages, a land utterly devoid of virtue, honor, and dignity- a land where the basest and crassest consumerism and materialism rule the day, a land that rewards the lowest common denominators of greed, a land where everything is of shamefully low quality, a land not worth defending or caring about.
The one and only thing this place has going for it is it's global reserve currency status- and that is likely to go within the next 5 years.
Last edited by Taggerung; 12-21-2020 at 11:22 PM..
What does this have to do with a basic 3br home in the United States being so in demand that it keeps increasing in value?
The US has been tremendously undervalued for a long time when we take a macro global perspective.
I do agree with you that the USA was undervalued for a very long time when it came to housing and our stock market as well. I worked many years abroad and do like some things better in other countries than the USA but for me at least, I haven't found a country that is overall better....if I do, I might leave. I think we are currently in decline.
America in 2020 is but a broken shell of what it once was... America now is a "soft" police state and glorified Banana Republic. America now is the world's leading exporter of degeneracy, a land of obese, tattooed savages, a land utterly devoid of virtue, honor, and dignity- a land where the basest and crassest consumerism and materialism rule the day, a land that rewards the lowest common denominators of greed, a land where everything is of shamefully low quality, a land not worth defending or caring about.
The one and only thing this place has going for it is it's global reserve currency status- and that is likely to go within the next 5 years.
The whole premise of this thread is SO off base: housing values and the stock market assumes that all "citizens of the Realm" are on those two gravy trains. One can just as easily be a trap (house values and mortgages) which drains medical insurance and other life values, and people "into" the stock market are a very small number of "citizens". All others are OUT. And those two items are not the most valuable for personal life. Such as the odds of NOT getting shot in a road rage.
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