• fine_sandy_bottom@lemmy.federate.cc
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    3 months ago

    Affordable housing is fantastic for everyone, but values of houses falling is kinda scary.

    There’s definitely a house of cards feeling in real estate in China, and if there were any sort of collapse it would be felt around the world.

    As in any economic instability, the wealthy can consolidate their positions and the poors just get pushed further into the mud.