Housing shortages in many countries mean that property is still selling fairly quickly, depending on the estimate. Tight labor markets and low unemployment in many rich countries means people are less likely to fall behind on their debts. And all of this should theoretically prevent a slump on the scale of the financial crisis in all but the wobblies markets. But there are still big risks, such as, what?
As interest rates rise, lots of pandemic-era property trends are fading—but not every market is equally vulnerable as the boom peters out. Generals have long avoided fighting in cities: it is messy and dangerous. Increasingly, though, they have no choice. And our language columnist on the subtle question of whether “data” is plural or singular.
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