npub1aw…nyrgs on Nostr: Well, I think it is and it isn't. The price of homes is pumped up by the amount of ...
Well, I think it is and it isn't. The price of homes is pumped up by the amount of credit printed to buy them, but there isn't enough dollars to make good on all that debt. If there are bad enough bank runs then businesses won't be able to pay their old wages, but you are still in the hole for a comparatively big mortgage.
Not saying deflationary crash is the future in store for us, just pointing out that the price of real estate is heavily manipulated to the upside.
Published at
2023-04-13 17:03:15Event JSON
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