Re:Entire German bond yield curve back in sub-zero territory
by EVa5I7bHFq9mnYK on Tuesday August 03, 2021 @05:40PM
(#28054582)
Don't forget that those young people have parents and will eventually inherit their real estate, so they will have something to show for it after a lifetime of working.
Re:Entire German bond yield curve back in sub-zero territory
by Rodeoclash on Tuesday August 03, 2021 @06:46PM
(#28055188)
Maybe. Remember that the house can be:
1. Split multiple ways due to multiple children. 2. Sold to finance retirement living.
For instance, birth rates are dropping because young adults cannot afford a house, which in term means they have to rent against higher prices which means they have less income to actually put into the economy.
What will we do once we have a generation which doesn't have any wealth and doesn't own a place to live? People who have little to show for it after a lifetime of working while subsidizing those who own the properties they live in is not a situation you want society to be in.