sbahr001
Joined 13 years ago
Joined 13 years ago
Sidenote: I love Apple products, but to be honest Apple is not the best at making software. Recently, the quality has declined too. Their great applications are a few niche professional apps not designed for the average user. They have also gotten a lot slower at releasing updates.
If Russia performs a blitzkrieg like attack they would level Ukraine to the ground or destroy major infrastructure. Russia would have to pay to rebuild everything with a pissed off international community. That would cost a hell of a lot more than what they would gain. I don't see why they are surprised, after you realize Russia/Putin isn't trying to destroy, just conquer.
It appears like Russia just wants to take over the land, make it a puppet state, and benefit from its resources. Even the damage to civilian buildings look more of a scare tactic to get Ukrainians to surrender than to win by destruction. Countless sources have said that Russia didn't expect the pushback.
This whole thing is because Ukrainians have shown amazing resistance. If you look at military battles: Battle of Thermopylae. Battle of Thermopylae explains the advantages/current success of Ukrainians, hopefully with a better outcome <3.
The unknown is how Putin is going to save face after all of this.
Take into account that salaries are not rising at an equal level. This may be correcting itself: "minimum wage" jobs are paying near/over double to get employees. If this wage increase is temporary homes would be way overpriced. If it is not temporary "white collar"/"blue collar" jobs have to increase their salaries to be competitive; which would allow property values to stay or rise over time.
Increase new home supply. Given that the demand is extremely high and home supply is limited there will likely be an increase in new home supply. On average it will take a few years before new homeowners develop some equity in their homes. During those years are where new homes have a really good market. This would lower the value of homes faster. Especially in states that had the most migration during the pandemic.
Something that negate everything and allow house prices to sore is the upcoming wealth transfer from the boomer + gen x wealth transfer to millennials. This will hurt a lot of minority communities as they didn't have the time to develop as much wealth(segregation being a big hindrance for black communities, and a large of first generation unskilled immigrants who's kids are now starting to improve the situation). Ultimately, this may lead to a larger wealth gap which can destroy a lot of things and how civilizations fall.
Let me leave it with this: Millennials and Gen-Z are going to be living in very interesting times.