• sp3tr4l
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    2 days ago

    Housing prices still going up, consumer debt levels exploding…

    …real estate economist is confused as to why sales are going down, randomly intuits ‘I dunno, maybe people are waiting for the election to happen?’ with no historical precedent of this ever occuring before, or causal explanation of how this makes any sense…

    … Then the same economist notes that there’s a huge class divide between wealthy homeowners and poor people who can’t afford high home prices, but draws no causal insight from this.