2 ms·
When you add the no-interest rate environment that creates price bubbles and mortgagtes where people never build significant equity, this destroys the ability o
by motohagiography 5y ago
When you add the no-interest rate environment that creates price bubbles and mortgagtes where people never build significant equity, this destroys the ability of families to build wealth, it turns young people into urbanized share cropping serfs. I guess young people can look forward to owning nothing and being happy about it?
The only people who can compete to own property in an environment like this are the extremely wealthy, or those of very independent means. This marks the end of opportunity for generations of working people.