I just can't get into Alone since the thought occurred to me that it's just a competition to see who can last the longest before they spiral into depression and/or a mental breakdown. 😟
the middle class who do have to sell of their homes
Exactly. So, they become poor.
I'm roughly defining anyone who 'owns a house, and cash and liquid assets now to let you live at least 10 years with no income' as who could survive financially, and anyone without that - welcome to the poor club.
unless we have a recession, a biiiiiig one, with massive unheard of deflation of like 25-30% to get prices back to where they should be.
I think you'll find that historically recessions/depressions allow the rich to get richer, as they can buy the assets cheaply that the poor have to sell off to stay alive.
Unless you have a house, and cash and liquid assets now to let you live at least 10 years with no income, you won't last through what you wish for.
And I came here for @SenatorCollins@aussie.zone 😁