Silver as an investment

Back to 19th Century Living in NYC: Bloomberg Proposes “Tenement Sized” Apartments for $2K a Month

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. / August 26, 2012

This story is a bit old so I apologize if you have already seen it.  I somehow missed this when it came out, but it came across my radar in the last couple of days and I think it is significant enough to highlight.  Back in February, 2011 I wrote a piece called “Serf Size Me” and in it I predicted:

Sizes are about to shrink dramatically and prices will go up at the same time.  Food quality will probably decrease as well, which is hard to imagine considering the crap that is sold as food every day.  In any event, I have a suggestion for McDonald’s.  They should just teach us Americans to accept our indentured servitude to the financial oligarchs and roll out a “Serf Size” menu.  People will get to the acceptance stage that much faster as they say, “serf size me!” and then walk away with three fries and a five ounce soda.

Well anyone with a pulse and a budget understands all too well how accurate this prediction has been.  What I find incredibly interesting is Mayor Michael Bloomberg’s latest proposal to construct “micro units,” which are basically tenement sized apartments between 275-300 square feet that will rent for $2,000 a month!  Think I am exaggerating about these being tenement sized?  Well just take these quotes from a CNN article on it:

The pilot units will be required to fill at least 75% of the building. They’ll have kitchens and bathrooms, but are far smaller than current city minimums of 450 square feet.

“New York City’s housing codes have not kept up with its changing population,” the mayor’s press release said.


Thanks to BrotherJohnF