Australia's largest stock trading and investment forum Australia's #1 stock forum

House price collapse fait accompli, page-111

First 111 Last

Share
Profile

Follow
szaba_the_hut

14,071 Posts.

703

14/05/20

19:19

Post #: 44626594
Share

Originally posted by Menta: ↑

A global economic depression would see the wealthy desperately selling their stocks, bonds, commodities & properties just to try and keep their own businesses and their own homes from bankruptcy. This means dumping ALL assets, both domestically and internationally, during a time with a deluge of panicked sellers and few if any buyers (eg. during a global stock market crash, credit crisis, debt deflation and bond & housing market plunge).

In such an environment the wealthy have much more to lose than the working class (at least they can reply on social security). So while the poor remain poor, and the middle class joining them, the rich would be wiped out and won't be able to find buyers for their luxury properties, fleet of super cars, expensive artworks and jewels, fine wines and luxury handbags (and you can't eat gold either). Simple...this is the dawning reality of a deflationary depression which will ultimately restore economic equilibrium and prove to be the historic 'Great Leveller'.

Expand

If you were wealthy and had the means to choose any country in the world in which to live where would you rather live ?

Singaporeans purchased a few farms for sale near me sight unseen at top dollar no questions asked in the last month........
1 Upvote

Reply

Top Stories

AI stocks: What to expect in 2024-25

IVR

Investigator Resources hits 8m @ 1.06% copper on-site Stuart Shelf JV project acreage

WC8

Leia pegmatite pulls up recoveries of 84% lithium for Wildcat in WA

BYH

Bryah gains $408K government rebate for work on copper target Narracoota

Talking the US election, the spectre of Trump and what's hot on the ASX200: Wealth Within

There are more pages in this discussion • 185 more messages in this thread...

First 111 Last