4 ms·
I found housing prices to be harbingers of what turned out to be the "Great Recession". Looking around my metropolitan area, wages and income just weren't keep
by pasbesoin 10y ago
I found housing prices to be harbingers of what turned out to be the "Great Recession". Looking around my metropolitan area, wages and income just weren't keeping pace (and we didn't have a localized influx of foreign investment, like in Vancouver, BC).
I suspect that escalating rents, tuition, and perhaps some other things, are similar signs of change, although it may prove to be less sudden and dramatic.
Sooner or later, the "slop" in consumers' budgets that can accommodate these runs out.
Also, the U.S. is becoming a less friendly place to foreigners. Although I don't know whether that applies -- or will be made to apply, by this 'embrace the "winners"' Administration and Congress -- to the global 1% buying in to e.g. U.S. real estate. (The U.S. currently being the center of my perspective.)