US Real state bubble
Description:
US (and World) real estate bubble may be nearing its end. Bursting of such may bring the world economy into a grinding halt.
Enablers:
- Lower interest rates have made it easier for investors to borrow more to buy
- Property is seen as a more attractive investment given the poor performance of stock markets
- Millions of families are spending 35 to 50% of their annual income on mortgage or rent payments
-People buying overprices properties fearing prices will be even higher, increasing the bubble
Inhibitors:
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