What do you think it's going to happen to real estate?
I'm a bit reluctant to invest in this market.
The situation you described has the potential to wipe off quite a lot of money there as well.
The situation you described has the potential to wipe off quite a lot of money there as well.
We are in a period of rapid inflation but mainstream economists and the government pretend we aren’t. It has been going on for decades but the official inflation rate is supposedly sub-2% while healthcare, education, daycare, high-quality food, housing, and all manner of highly-desirable-yet-cannot-be-easily-created assets have gone way up in price and are unreachable to even the middle class let alone the poor.
Yet many applaud the “heroic” actions of the central banks and government when all they are doing is printing ever more money and patting themselves on the back. We as individuals need to act in our own best interests to avoid this disaster because no one is going to help us.
Can't agree more. Cheap, imported crap remains cheap and crappy, and everyone pretends that because TVs and egg mcmuffins remain affordable to the common man, therefore inflation is under control. Meanwhile asset prices, healthcare, housing, education (i.e., all the real, actual things important for someone's life that take up the bulk of their income) balloon in price.