Comment by sandworm101
4 hours ago
Real estate. The US economy floats on the perpetually-increasing cost of land. Thats where your mortgage money goes, to a series of finacial instruments to allow others to benifit from the eternally rising value of "your" property.
Much worse the case in Canada & Australia unfortunately
It amuses me what's been true in the rest of the world (Vancouver, Sydney, Aukland and London come to mind but I'm sure it's not just the Anglosphere) for decades arrived in the US a couple of years ago and is suddenly a shocking new thing