Thread by @faizansiddiqi

Dysfunctional economics when some one is happy to pay avg 250k$ for a starter and 600k$ for a larger house, where you bring your own: water, gas, power, security,trash collection svcs. It makes sense only if viewed as transactions between 'rentseekers'.

This is neither a reality nor a sound financial investment for most. There is little to no value that can be extracted post investment into the asset till u sell. For the non rent seekers/privilege club members this money should be put to productive use

zameen.com/blog/popular-a…

When the only productive use is for one's family to sell a family home post departure of the head of house hold, the battle is already lost. Middle-class dreams are no longer made in DHA, instead take your cash and invest into favorable destinations legally. LTV & life =better

All this is all cash, since the avg person can't get a loan and the unit economics doesn't justify an asset whose rental yield is pathetic its literally an asset most won't fund. Its a long term lock in creating no economic activity. As dead as they come.Why is the market hot?

Simple. The dou numbery, all cash no tax, political gains converted to cash, illegal money, the patrons of society, the scions of the circle jerk clubs, all parking money into real estate has f-d it up for everyone else. Atop govt amnesties to the same criminal class.

Till its regulated, order is restored, amnesties and chances to the crooks of the land withdrawn to stop cleaning up ill gotten wealth in amnesties, the outcomes for avg ppl will remain: inflation, thankless jobs, power/gas outages, bills, caring for ageing parents &

Telling lies to self, that it will get better soon. We continue to believe that, because if we dont, we burry our hopes n dreams the same way the ruling class has buried the future of our children in debt. When jokers lead us in parliament & on the international circuit,

The only thing we can be expected to win at, is a circus act.That is precisely what this is, 1 big circus.For all those thinking those in charge know what to do, remember that their power base is clowns. At its best we may get a laugh out of it, but to be taken seriously we must

Move away from being in charge of clowns. Till we do that this entrapment under debt & the rules of the few will continue to stunt our national development. Root of most evil is bad governance & misplaced nationalism. It fuels the fire of incompetence. Wont change overnight.

Its a tough spot & current economic realities are making it tougher. We need stable economic hands vs what we think stable hands mean. Opening the economy & fixing policy to do biz easier is our only hope. If only the babus in charge understood. @rebootdude @babushka99 @Huk06