/biz/ - Business & Finance

Not sure how relevant this is but Stefan Molymeme made an interesting point in an interview he did with some Australian guy. He said the housing market is what underpins the entire financial market so if it falls (I.e. prices fall) the whole thing will come crashing down AND that we are experiencing demographic implosion so that there is no other alternative to house prices also imploding due to falling demand. This means the entire political and financial system is geared around artificially maintaining high prices.

Not sure what country this will hit first or hardest. I currently own my own property so it really bothered me to hear this and made me glad I'm building a position in bitcoin as a hedge.