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So much of society is now built on debt we need this collapse. Sure people are going to suffer but I don't want my children instantly born into a world of debt. 40% only takes us back to the last crash prices which was supposed to be a bubble.
8b-
So much of society is now built on debt we need this collapse. Sure people are going to suffer but I don't want my children instantly born into a world of debt. 40% only takes us back to the last crash prices which was supposed to be a bubble.
Your children will be born into a flooded world where wars are fought over access to clean water, I think mortgage interest rates will not feature in their top ten concerns - how to survive rabies might well do.
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children instantly born into a world of debt
Dullest sci-fi ever
Dammit
Crispin_Glover
?!
You think we're going to be lucky if the financial situation is such that the capital sees a 40% decrease in property values? Pretty sure that will coincide with a huge number of us being unemployed with no short term prospect of employment. Not sure I see the silver lining (unless of course you're a foreign investor looking for a long term illiquid asset).
Or did you mean it could be >40%?