3 ms·
It's a double-edged sword. If RE values in the US "normalize" to income-ratio equivalents in other countries by rising and never falling again, the US is going
by hammock 3y ago
It's a double-edged sword. If RE values in the US "normalize" to income-ratio equivalents in other countries by rising and never falling again, the US is going to see a drain of wealth and talent to those other places - UK, Latin America, etc that are now on even competitive ground in terms of owned housing