3 ms·
It seems like the cheaper money is leading to other classes of assets like housing and stocks to go up. It's a value transfer between these classes of assets an
by lifty 8y ago
It seems like the cheaper money is leading to other classes of assets like housing and stocks to go up. It's a value transfer between these classes of assets and a great play for those that own houses and stocks, but the younger generation is getting screwed. I know this is simplified view but it rings true to me; reminds me of the French Revolution.
- teekert 8y agoAnd we will screw the new youngsters again because we are going to want the maximum the bank can loan the youngster to pay for our house. Part will go to my kids but again... there comes the rent.
- germinalphrase 8y agoFortunately, Millenials have significant representation in the US Legislature so your concerns will certainly be addressed.