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Even if you didn’t buy in the last few years and our real estate market wasn’t gangbusters we would still be fucked. Renters aren’t in a better situation as rents have been skyrocketing. Inflation would still be wrecking our stagnant salaries and the interest rates would be crushing our investment portfolios. Stay in cash? Still get fucked by inflation lol. The economy is an addict hooked onto low interest rates, and we are about to see our economy go through withdrawal.
It’s one of the downsides of having an economic system based on interest rates and we pursue economic growth endlessly…
It’s much like a retailer pursuing higher sales by continually dropping prices.
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