Real estate will stagnate for many years. It boomed from the late 1980s until about 2022 because the price of money was in steady decline and because 1980s neoliberal deregulation of banks enabled them to funnel vast quantities of debt into non productive speculative purposes- mostly real estate. The neoliberal crony capitalist FIRE economy has run out of fuel and with the decline of western hegemony and the rise of China its all down hill from here. #999887