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@ Layer3.news
2025-05-28 10:28:40
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PETER THIEL WARNS OF ‘CATASTROPHE’ IN US REAL ESTATE — BUT SEES ‘WINDFALL’ FOR 1 CLASS OF BOOMERS.
https://media.zenfs.com/en/moneywise_ecomm_711/00f249bb57802b817f71338f0b8682fd
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✍️ Billionaire venture capitalist Peter Thiel warns of a real estate crisis in the US, citing the inelastic nature of real estate and the wealth transfer from young people to older homeowners and landlords.
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👉 The US real estate crisis is driven by the inelastic nature of real estate, particularly in areas with strict zoning laws.
👉 The crisis leads to a wealth transfer from young people to older homeowners and landlords.
👉 Thiel warns that this crisis is playing out across many 'Anglosphere countries', including the US, Britain, and Canada.
👉 The surge in US home prices, which has climbed by over 50% in the past five years, is evidence of the crisis.
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#PeterThiel #HenryGeorge #JeffBezos #LarryFink #JeromePowell #US #Britain #Canada #realestate
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