Do you really think that rents in New York are because of cheap debt and not because a tiny island has been captured by billions and billions of corporate luxury development, while at the same time the supply of appartamenti is choked by there being more Airbnb places than places being rented.
Covid has been the greatest transfer of wealth upward in our lifetime, but sure it’s cheap personal debt.
Covid has been the greatest transfer of wealth upward in our lifetime, but sure it’s cheap personal debt.