One might say we’re already there. Median wages aren’t keeping up with inflation. Housing prices are at an all time high, pushing rents higher and higher. Our service economy, upon which many stagnating nations thrive, was hit hard by COVID-19.
At the same time, REITs are poised to purchase the impeding foreclosure and eviction-driven dive in housing with all cash offers, bolstered by the same 0% interest rate that drove the prices in the retail sector to stave off the pandemic depression. Yet those low interest rates in the retail sector make this corporate takeover possible.
