2 ms·
The elephant in the (property market) room is demographics With populations declining for the first time in centuries, everywhere, over the next few years th
by worik 3y ago
The elephant in the (property market) room is demographics
With populations declining for the first time in centuries, everywhere, over the next few years there will be a surplus not a shortage of houses.
Not much good for current twenty/thirty somethings, they have been royally screwed by the greed head baby boomers.
But it will cause all sorts of unpredictable things to happen in the property market
Because of the blindness of capitalism the property market is a big chunk of the economy
Interesting times
- nojvek 3y agoUS has a big net flow of immigration to replace lost population. Surplus of houses is quite unlikely.