Nopardons,
I really respect you and have loved reading your posts through the years. Though the Murdoch’s still do not own the Daily Mail :p
However...
Though these things are really important and I think you Americans need to sort it out yourself.
I feel really bad about putting my 2 cents into your internal affairs. I will support you 110 percent internationally.
But, I feel your internal business ain’t mine. It’s not proper.
If managed right? The market will rise with increasing population. So, will prime real estate. Imho, but who knows.
And, I was not thinking of the USSR, which btw was on my border growing up, I was thinking of some latin American country on steroids.
Mexico with a lot stronger elite class and a massive population.
Shees I sound like a marxist writing this. lol.
Time for bed.
Thanks for your kind words re my posts and me; much appreciated.
Okay, let me explain it to you, in very simple terms....
First of all, property TAXES will rise; however the worth/selling prices of homes ( houses and apartments ) just can NOT rise, if the scenario you laid out comes true. There just won't be enough AMERICAN people to buy what's up for sale. And not only that...during recessions and depressions and BUBBLE BURSTS, the selling prices ALWAYS come crashing down!
Prices for the most expensive properties are met, now, in a whole LOT of different American cities, towns, villages, by Russian oligarchs, the uber wealthy Chinese, members of the massive royal family from Saudi Arabia, and yes, even by Aristo Eurotwits.
During previous time/eras, in this nation, when we went through panics, bust bubble, recessions, and depressions ( there were far more than just the GREAT DEPRESSION of 1929! ) the prices of EVERYTHING and salaries, came down.
Due to vast governmental interventions, some peculiar "tricks", and GOD only knows what else, that has NOT been true in the past few decades.
Both salaries and the crazy prices of things are now based on the kind of "funny money" accounting that was seen in the 1920-40s in Germany, what's now prevalent in Zimbabwe, Venezuela, and yes, just about everywhere world wide.
If you want/need examples of what I'm writing, send me a FRmail note and I'll be more than happy to fill in the blanks.
Now for the markets....
I, personally have lived through complete stagnations, wild swings, and yes, CRASHES! WHY ARE THEY ALL NOW SO HIGH? For many different reasons; however, the crazy swings, since and including BLACK MONDAY, in 1987, were ALL mostly or completely due to COMPUTER TRADING PROGRAMS!
Due to there being just about NO PLACE, other than the market/s to put one's money, now, AND Trump winning last Nov.'s election, people are into the market/s in a gigantic way. Can that all change on a dime? Of course it can as does with great regularity, plus SOROS has been trying to crash our market for years now. Will he be able to do it? Yes, but NOT alone ( and I'm talking about his syndicate as well as he himself ); it'll take something truly nasty.
It's okay...please feel free to post whatever you care to, just be prepared for people to either agree or disagree. :-)
Good night....pleasant dreams.