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I fear that developed nations are in a fiat currency end-game where interest rates stay at near zero levels for the foreseeable future meaning that borrowing st
by andrewmcwatters 5y ago
I fear that developed nations are in a fiat currency end-game where interest rates stay at near zero levels for the foreseeable future meaning that borrowing stays cheap for decades on end, which exacerbates asset prices, incentivizes builders to only produce real estate projects like “luxury” apartments, and makes government borrowing easy, too, so that bond yields produce negative returns for investors.
We’re living in a world where politicians aren’t fighting the international housing crisis, and I think the only meaningful way you can do so is by nations coming together and forming a Breton Woods type era of agreement to establish the world over what housing rights look like and what restrictions companies, REITs, builders, and landlords have so as to prevent neofeudalism from continuing to proliferate.