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@ Yahoo! Finance - by layer3.news
2025-05-28 10:28:40
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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.
👉 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.
#PeterThiel #HenryGeorge #JeffBezos #LarryFink #JeromePowell #US #Britain #Canada #realestate
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