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Seems like every economist is saying that we need more people working more jobs to support the rapidly growing cohort of retirees- yet a massive housing crisis
by JTbane 8y ago
Seems like every economist is saying that we need more people working more jobs to support the rapidly growing cohort of retirees- yet a massive housing crisis still continues in most major cities.
The future ain't looking bright.
- ThrustVectoring 8y agoThe housing crisis is how we convince more people to work more jobs for the benefit of retirees. The cash flows towards rent winds up in the pockets of real estate owners, and the cash flow from mortgage payments winds up in Agency bonds largely owned by retirees.