4min chapter

Trumponomics cover image

The Housing Slowdown Could Become a Global Meltdown

Trumponomics

CHAPTER

Is There a Generational Issue to Real Estate?

Young people in their twenties and early thirties really want to own real estate because, in part, they can't. It's not a productive place to invest when you think about the broader economy. So why have we ended up having so much of the world's wealth tied up in such a bad place? I would say partly it's because you can borrow easily to do it. If you've got a house as security for a loan, you can borrow much more easily and much more cheaply than in many other ways.

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