Both parties and every level of government determined that the best path forward was re-inflating the bubble. Is it any surprise that kind of joint effort worked?
It’s great news for incumbent owners and at the end of the day that’s a majority of voters almost everywhere.
It is also a massive wealth distribution scheme for the rich.
starters are not able to afford a home, and instead have to rent from either a corporation which has the means the own property, or for a landlord who does the same.
It will cause a lot of issues with wealth disparity, especially for young people in the future.
It’s great news for incumbent owners and at the end of the day that’s a majority of voters almost everywhere.