Isn't there another rather obvious impact coming down the line at us courtesy of the twin horsemen of the apocalypse - Covid and managed decline.
Most of the western world has been bewitched by unsustainable property price rises. Making many middle class folks think they're wealthy and insulated from poverty because their dingy hovel has a valuation of over $1mill?
Well the economic mayhem that will be caused by Biden's continuation of Obama's "managed decline" is going to reduce the cash in the pocket of home buyers - going to lead to reduced demand as the "shot". The "chaser" is that with all causes mortality creeping up, more homeowners are now finding cheaper permanent accommodation in graveyards. Leading to more houses for sale. Increasing supply by default. At the same time as cash is short - reducing demand.
OMFG that sounds like another perfect way to reduce middle class wealth. In most parts of the world you don't need much of a population decline to completely crush a property bubble.
When you add on top of all of that the fact that so many people have massive mortgage payments to meet every fortnight - well - it's going to be biblical.
Isn't there another rather obvious impact coming down the line at us courtesy of the twin horsemen of the apocalypse - Covid and managed decline.
Most of the western world has been bewitched by unsustainable property price rises. Making many middle class folks think they're wealthy and insulated from poverty because their dingy hovel has a valuation of over $1mill?
Well the economic mayhem that will be caused by Biden's continuation of Obama's "managed decline" is going to reduce the cash in the pocket of home buyers - going to lead to reduced demand as the "shot". The "chaser" is that with all causes mortality creeping up, more homeowners are now finding cheaper permanent accommodation in graveyards. Leading to more houses for sale. Increasing supply by default. At the same time as cash is short - reducing demand.
OMFG that sounds like another perfect way to reduce middle class wealth. In most parts of the world you don't need much of a population decline to completely crush a property bubble.
When you add on top of all of that the fact that so many people have massive mortgage payments to meet every fortnight - well - it's going to be biblical.