For the fourteenth year running, Japan's population has slumped to a record low. The non-foreign population dropped by nearly 900,000 — an unprecedented fall.
How will you build wealth without mortgages and just paying cash? Then most people wouldn’t be able to afford to buy a home, they would always be slaves to rent. No mortgages plays right into the hand of the wealthy few that can exploit the renters.
House prices rise to max out available credit. If that credit vanishes then prices will fall, as people need to save their own money to buy, and they don’t benefit from the cantillon effect raising asset values.
House prices are inversely correlated with interest rates, and housing bubbles popup wherever QE is done as a mortgage is a net short position on the purchasing power of cash.
How will you build wealth without mortgages and just paying cash? Then most people wouldn’t be able to afford to buy a home, they would always be slaves to rent. No mortgages plays right into the hand of the wealthy few that can exploit the renters.
House prices rise to max out available credit. If that credit vanishes then prices will fall, as people need to save their own money to buy, and they don’t benefit from the cantillon effect raising asset values.
House prices are inversely correlated with interest rates, and housing bubbles popup wherever QE is done as a mortgage is a net short position on the purchasing power of cash.