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If. And for how much? The system is a formalised version of "Don't tell the Tsar bad news." Everyone has to pretend Better Days Will Come™ while the economy
by TheOtherHobbes 5mo ago
If.
And for how much?
The system is a formalised version of "Don't tell the Tsar bad news."
Everyone has to pretend Better Days Will Come™ while the economy saws through the branch it's sitting on.
It works until suddenly it doesn't, and the banks demand a bailout.
- g3f32r 5mo ago> and the banks demand a bailout. Which will certainly be granted and thus Better Days *WILL* Come, at least in the localized "I'm taking practically no risk" sense.
- bluGill 5mo agoThe economy has always had ups and down. While that is no guarantee, it is a strong sign. Inflation means that rent will get cheaper in real terms just staying the same. Things will be bad - again - for a few years, not that is nothing unusual. Of course real estate is very local. There is a big difference between property in a growing city and land in a rural small town.
- IAmBroom 5mo agoSo what is your solution that is impervious to a permanent or lengthy and gigantic downturn in the economy?