this post was submitted on 28 Feb 2025
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According to the convincing argument by Gary Stevenson, so long as wealth inequality persists, assets are going to just get more expensive.
https://youtu.be/MSdhijZ7Uz4
It's not collapsing, Jack.
Going from 100 middle class people buying and selling 100 homes amongst each other to 2 extremely wealthy people 100 homes amongst each other and 98 people renting. The rich guys will price the assets out of reach of everyone else and make up the difference in rental profits.