The US is facing an unprecedented decline in tourism revenue in 2025, standing alone among major global economies in this downturn largely due to the impact of the America First policy.
Last time housing prices crashed in the USA, people’s incomes crashed as well or their mortgage obtaining ability did. All it meant was that the already rich and corporations were able to buy up real estate cheap. Did not remotely help 90% of the population.
All it meant was that the already rich and corporations were able to buy up real estate cheap.
Something like half of all real estate is owned by private equity.
If you genuinely care about wealth consolidation among the ultra-rich, and you seriously want to do something about it, there’s a Little Red Book with some helpful advice.
But just propping up Boomer real estate values for another ten years isn’t an answer either. It’s a losing game to pretend you can outwit Blackrock on home ownership.
Good. I hope thousands of landlords can’t afford their extra homes and are forced to sell, driving down housing prices.
Last time housing prices crashed in the USA, people’s incomes crashed as well or their mortgage obtaining ability did. All it meant was that the already rich and corporations were able to buy up real estate cheap. Did not remotely help 90% of the population.
Something like half of all real estate is owned by private equity.
If you genuinely care about wealth consolidation among the ultra-rich, and you seriously want to do something about it, there’s a Little Red Book with some helpful advice.
But just propping up Boomer real estate values for another ten years isn’t an answer either. It’s a losing game to pretend you can outwit Blackrock on home ownership.
They will only be replaced by richer landlords
Yeah, private capital can just roll in and buy it all up, great!