Click Here Mic Drop: Russia’s unexpected wartime real estate boom
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Jul 11, 2025 Military families in Russia are tapping into a surprising real estate boom fueled by war. High salaries for recruits are reshaping rural economies despite the backdrop of conflict and sanctions. As public sentiment shifts amidst rising living costs, the stark contrast between military financial stability and civilian struggles becomes evident. Delving into 'deathonomics,' the podcast highlights the twisty financial paths for fallen soldiers' families. The ethical quandary of thriving in wartime prompts a deeper look into the uncertain future of Russia's economy.
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Military Salaries Drive Recruitment Boom
- Military recruiters in Russia pay high salaries to attract new recruits, up to $20,000 enrollment and $2,000 monthly.\n- These salaries are significantly above the average Russian wage of $800, making recruitment attractive especially to indebted or legally troubled individuals.
Military Boosts Housing Market
- There is a housing boom in Russia during wartime driven by military recruits buying property with their secure incomes.\n- Realtors prefer military recruits as buyers because they represent lower financial risk compared to entrepreneurs with uncertain income.
War Support Fades Amid Hardship
- Popular patriotic support in Russia has dwindled from visible flags and enthusiasm to about 10% of what it was two years ago.\n- Economic hardship is evident with steep rises in staple food prices and ruble currency weakening significantly.