is deluded at best.
and conniving in the midrange - at the worst?
It is amazing that people who are renting are able to live anywhere these days - it is all going to end in a lot of slums, crime and the average person worse off financially, socially and with their opportunities available to them.
and that there are a lot of new home starts that will not end up being new home finishes any time soon.
Every day it seems, I read of a construction company collapse from Australia. Considering how much they are getting paid to build, that is worrying. The supplychains markups are insane on building material. To keep costs down, our builder is using offcuts of gyproc for the walls, when he would have used fresh sheets before. Not because it makes much difference for us (due to the size of the space) but it is his habit now.
How long until the central banks open the money faucet again due to rising energy costs? I think not long.
I suspect, it won't be too long before a reversal and, the markets will drive again.
One last price gouge on energy through the winter perhaps.