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TheOtherHobbesyesterday at 1:31 PM3 repliesview on HN

If.

And for how much?

The system is a formalised version of "Don't tell the Tsar bad news."

Everyone has to pretend Better Days Will Come™ while the economy saws through the branch it's sitting on.

It works until suddenly it doesn't, and the banks demand a bailout.


Replies

bluGillyesterday at 1:57 PM

The economy has always had ups and down. While that is no guarantee, it is a strong sign. Inflation means that rent will get cheaper in real terms just staying the same. Things will be bad - again - for a few years, not that is nothing unusual.

Of course real estate is very local. There is a big difference between property in a growing city and land in a rural small town.

g3f32ryesterday at 1:53 PM

> and the banks demand a bailout.

Which will certainly be granted and thus Better Days *WILL* Come, at least in the localized "I'm taking practically no risk" sense.

IAmBroomyesterday at 4:15 PM

So what is your solution that is impervious to a permanent or lengthy and gigantic downturn in the economy?