it's not the same, but I'm not sure if its positioned better or worse.
lending practices have been much better the last decade. which was the heart of the 2008 problem. too much money being lent to ppl who couldn't afford it.
we do have a housing supply shortage, which serves to hold the market up. so that isn't a total positive, but it means demand for homes is still there, but that demand will wane as prices and especially interest rates increase.
also, this time around the economic conditions arent limited to housing, the issues are much larger. real estate won't be the catalyst, but will get sucked into a recession/depression along with everything else. we've got shipping issues, supply of goods issues, ESG/Green Agenda bullshit, interest rate issues, de-dollarization issues, global war issues, and globalist cocksucker issues (WEF).
i have no idea where to park my investments. cash loses value to inflation, RE doesn't seem like it can go much higher, stocks look shaky as fuck and thus crypto, some specific sector businesses may do well, but i think the ones that'll run will rely heavily on automation which requires a big investment. the future is very unclear. good luck to all.
What's for sure is that you can't live in a gold bar, or a stack of cash, just as you can't eat them, or grow food out of them. At least with cash you can wipe your ass, I guess
During zimbabwe's hyperinflation, people were always in a hurry to get rid of their cash, because fiat devalued everyday, so it was always a rush to buy second hand stuffs, from a toaster to a bike or whatever, because while their value degrade overtime, it still didn't degrade faster than the value of the fiat used for transaction https://pic8.co/sh/nhKoCQ.png <- notice the nice little turd, bottom right corner
Now while you might say "yeah but that's what niggers do and I'm not a nigger", which would be a pretty accurate statement in itself, the fact remains that the only game in town is called the cleanest shirt in the dirty laundry basket, and that's not going to change, it's a constant
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