2 ms·
global interest rates have dropped so low that for the past 10+ years the baby boomer generation was speculating on property as investment, self-managing/levera
by cerealbad 7y ago
global interest rates have dropped so low that for the past 10+ years the baby boomer generation was speculating on property as investment, self-managing/leveraging their nest egg and avoiding the stock market or industry funds. this is a depreciating asset especially with declining population numbers.
the bottom should drop out of the market when they all die in another 10-20 years, or if rates rise back up to pre crisis levels, or if people decide to work remotely and buy land and build houses in more rural areas.
in canada the rate went from 16% in 1991 to 0.25% in 2009. the new crisis should begin around the mid 2020s, probably as trump leaves office. similar to the bush-obama transition or the clinton-bush one.