"The state will not allow real estate to crash this time."
People said that last time.
Real Estate will crash toward the end of this year, maybe early next year.
The good news is that:
- everything else will follow it down and stay down
- while real estate will quickly recover lost ground and continue its onward march
- real estate is a little more than 50% of the totality of asset value in every economy
This is how wealth is transferred at scale...from capital formation, into real estate.
Always. In all times and all places.
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