Click Here Mic Drop: Russia’s unexpected wartime real estate boom
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Jan 10, 2025 Amidst conflict, Russia experiences a surprising real estate boom, driven by military spending and high salaries attracting new recruits. Tech professionals reveal the contrasting resilience and decline within the economy. As families of fallen soldiers face 'deathonomics,' ethical questions arise about profiting from war. The influx of recruits, aided by mortgage subsidies, reshapes both urban and rural housing markets while raising concerns about the long-term impact on society and businesses.
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Subtle Economic Stimulation
- The Kremlin stimulates Russia's wartime economy through subtle means like military billboards.
- These ads offer significant salaries, attracting recruits and impacting the economy.
Wartime Housing Boom
- Military recruitment offers high salaries, creating a housing boom in Russia.
- Realtors favor military recruits as clients due to their reliable income from the government.
Waning War Enthusiasm
- Despite the economic benefits for some, overall enthusiasm for the war is waning in Russia.
- Fewer Russian flags are displayed, and the initial patriotic fervor has diminished.