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I think this is the cusp of a big change in America. As the physical industrial base evaporates, in return, many people may not buy into the classic "buy proper
by nickhalfasleep 10y ago
I think this is the cusp of a big change in America. As the physical industrial base evaporates, in return, many people may not buy into the classic "buy property" plan for their lives.
This is good for them. This may not be so great for all the people who bought property and expect it to always increase in value as there may not be as great a demand for it.
- maxerickson 10y agoWhy do you think the industrial base is evaporating? If you look at something like iron production, the US share of global production has declined quite a lot, but US production has stayed pretty consistent while global production has exploded. A lot of the jobs are gone because of bigger machines and automation, but the production still exists.