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> If the valuation of real estate in relation to income globally reverts to long-term historical norms […] a lot of everyday people will tell you that just won
by wallacoloo 5y ago
> If the valuation of real estate in relation to income globally reverts to long-term historical norms […]
a lot of everyday people will tell you that just won’t happen. that governments perceive the risk of falling home values to be so large that they will do everything in their power to prevent that from happening.
- Gigachad 5y agoThat does seem to be what happens. In Australia, if the prices of houses even look to be standing still, the government will hand out taxpayer money to buyers to prop the prices up. Or they will let people withdraw from their retirement funds to buy.