8 ms·
> Historically recessions are very profitable for the rich, as they are able to buy assets (property, stock, etc) at vastly deflated prices because they had cas
by andrekandre 4y ago
> Historically recessions are very profitable for the rich, as they are able to buy assets (property, stock, etc) at vastly deflated prices because they had cash or equivalent before the recession began. Lower income people just lose their jobs, and as a product often have to sell their homes at deflated prices to the rich
its why i'm very skeptical that a recession will "fix" the housing (prices/supply) issue...