I think that the politicians are doing their best to prop up home prices and keep the pensions alive and make everything stay normal etc. Banks try to stop you from withdrawing a lot of money at once. The only problem is that we got used to growth and innovation and freedom and peace and comfort and security as the norm. It is deep in the culture… Scammers and wars usually come from across national borders; what you are asking for is not a simple easy clear thing; I don’t blame you for wishing.
Propping up home prices causes a lot of harm though. If we think of housing as a consumer good, then it’s obviously better if it’s cheap, same as any other good. And if we say housing is an investment, then it’s better if investment money flows to its actual most productive use, not something that’s artificially propped up.
I think that the politicians are doing their best to prop up home prices and keep the pensions alive and make everything stay normal etc. Banks try to stop you from withdrawing a lot of money at once. The only problem is that we got used to growth and innovation and freedom and peace and comfort and security as the norm. It is deep in the culture… Scammers and wars usually come from across national borders; what you are asking for is not a simple easy clear thing; I don’t blame you for wishing.
Propping up home prices causes a lot of harm though. If we think of housing as a consumer good, then it’s obviously better if it’s cheap, same as any other good. And if we say housing is an investment, then it’s better if investment money flows to its actual most productive use, not something that’s artificially propped up.