Cast your minds back a year or two before the greatest influx of free money ever witnessed, measured as % terms to any metric available and the sheer psychological impact it had on an impressionable world moulded to believe whatever the marketers said. Now that we're back there simply recall the price of produce, beef, dairy, fruit and veggies, labour, insurances and apply those increases to housing and tell me there's price gouging?!?! Doh...
We're still in the middle of the effects of Covid and trying to confront the aftershocks. My opinion is that we were on the verge of a meltdown and along came Covid and supercharged it.
The market will eventually sort this out but in the meantime we have shallow minds blaming Baby Boomers for everything, at least it saves them thinking too much.
If you own then on paper you've done very well but if your renting, well you're unfortunately in probably the worst time in history barring the Great Depression.
