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Which is gonna suck for a lot of people in major metros, as those salaries were necessary to keep up with asset inflation post-2008. Wariness about the future,
by bsanr2 7y ago
Which is gonna suck for a lot of people in major metros, as those salaries were necessary to keep up with asset inflation post-2008.
Wariness about the future, spiced with a tinge of schadenfreude.
- bsanr2 7y agoI should point out, as I have no attachment to my karma, that the schadenfreude comes from the fact that those inflated asset prices were used to justify and fund gentrification and displacement. If a crash ruins a few of the entities profiting off that, well, chef's kiss.
- thewarrior 7y agoWell guess what those assets won't be able to sustain themselves without those salaries.