Everyone seems to forget that if everyone followed the “AI-proof career” advice to become a plumber, electrician or carpenter - then there’d be so many of them that the pay would go down considerably
On the other hand a loooot of people will inherit badly run down homes from their parents as the boomers finally go six feet under. That means a loooooooooot of demand. And on top of that we got the shift off of fossil fuels to electric cars, heat pumps, decentralized production (solar) and storage, which means yet another serious piece of demand.
Are you sure about that correlation? I mean how would those who inherit this old stock pay for all these renovations if they just lost their job to the AI and barely scrape by? Maybe then the 70s tiles bathroom doesn’t looks so bad anymore.
JSR_FDED · · focus · HN ↗
mschuster91 · · focus · HN ↗
king_crimson · · focus · HN ↗
MentalM · · focus · HN ↗
I mean then they will start to sell their homes and situation for those who can buy them cheaply and renovate will become even better, no?