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From 1990 till 2022 the price of fiat money debt steadily declined from double digits down to close to zero.
This pumped up the nominal price of housing and other debt leveraged speculative assets.
Since 2022 the price of fiat money debt is stuck in a narrow band between 0 and 5 % and it is hard to see it moving outside that band any time soon.
Housing prices will be stagnant at best and quite likely fall- they already have in most places in real terms.
Property investment still can be profitable but it is far from the near sure bet it was from 1990-2022.
From 1990 till 2022 the price of fiat money debt steadily declined from double digits down to close to zero.
This pumped up the nominal price of housing and other debt leveraged speculative assets.
Since 2022 the price of fiat money debt is stuck in a narrow band between 0 and 5 % and it is hard to see it moving outside that band any time soon.
Housing prices will be stagnant at best and quite likely fall- they already have in most places in real terms.
Property investment still can be profitable but it is far from the near sure bet it was from 1990-2022.