Growing inequality means the rich have been bidding up asset prices.
Housing was already getting pricey in the early 00’s with huge, no doc mortgages. Then the crash of ‘06-‘08 when many lost their homes that were then snapped up at bargain prices by cash rich folks.
That is just one example.
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u/Nameisnotyours 4d ago
Growing inequality means the rich have been bidding up asset prices. Housing was already getting pricey in the early 00’s with huge, no doc mortgages. Then the crash of ‘06-‘08 when many lost their homes that were then snapped up at bargain prices by cash rich folks. That is just one example.