Hang on, I am not claiming to be an economist but wouldn't an economy where the value of housing massively outstrips the earning power of workers be amazingly unhealthy and prone to devestating collapses with severe long term effects on workers that are never redressed for fear of completely destroying the value of homes creating a horrific cycle of... oh.
This shit is gonna pop soon enough rent will hit a point where jobs for the non home owners cant afford newer rents job inflation will effect because its imposed by price makers, The x factor is if the stock market can handle quantive easing spigot being dampened as the price of money goes up. In other words if the money you dumped into the stockmarket on land assets from the fed at 2% intrest returns at 5% and now the price of money goes to 6% and slowed return on investment due to current economic material conditions. I cant tell you when this Jenga tower falls I hope we can all survive it.
Hang on, I am not claiming to be an economist but wouldn't an economy where the value of housing massively outstrips the earning power of workers be amazingly unhealthy and prone to devestating collapses with severe long term effects on workers that are never redressed for fear of completely destroying the value of homes creating a horrific cycle of... oh.
This shit is gonna pop soon enough rent will hit a point where jobs for the non home owners cant afford newer rents job inflation will effect because its imposed by price makers, The x factor is if the stock market can handle quantive easing spigot being dampened as the price of money goes up. In other words if the money you dumped into the stockmarket on land assets from the fed at 2% intrest returns at 5% and now the price of money goes to 6% and slowed return on investment due to current economic material conditions. I cant tell you when this Jenga tower falls I hope we can all survive it.
Not a economist either
Most economists I know are just ideologues anyways