I think, if it goes like this, there won't be much inheritance to be left for the next generation in my country. Many people have sold their assests such as car, house to go through the pandemic.
What I don't understand is that the housing prices are skyrocketing in my country as well, despite high loan rates. Who buys?
Investors are buying. In every population, there is always a wealthy class - so even if 80% are struggling, 20% have the possibility to take advantage.