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MrAverage1965 · 61-69, M
irishmolly72 · 56-60, F
@MrAverage1965 If one lets inflation get entrenched in the economy, there are no good choices. You can either live with the inflation, which is unpalatable, or you can live with the consequences of fighting the inflation.
Actions have consequences. Thanks Joe.
Actions have consequences. Thanks Joe.
whowasthatmaskedman · 70-79, M
@irishmolly72 Absolutely true.. All actions have consequences.....(Some take decades to come round.) And inactions have consequences too..😷
irishmolly72 · 56-60, F
@whowasthatmaskedman So that's why the HUGE spike happened in 2022 and nowhere else. 🤣
whowasthatmaskedman · 70-79, M
@irishmolly72 Which huge spike did you have in mind??
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MrAverage1965 · 61-69, M
@irishmolly72 Construction numbers did reduce during COVID and many people realised they could work from home and wanted to relocate.
whowasthatmaskedman · 70-79, M
@MrAverage1965 When you get into an economy the weirdest unexpected consequences happen. Covid cut back on construction and a lot of people learned to work from home. Supply disruptions taught companies that there was more profit in shortage than having to discount because you were overstocked. A lot of people liked working from home and dont want to commute any more. . This has a downturn on the need for office space rentals and this reduces the value and returns of commercial real estate and not only the offices, but the concessions within the buildings lose business. Central Business District support employment drops as sandwich hands , wait staff and Barristas lose their employment. Then we come to round two as all those effects sink into the economy. Have a look at the number of city based Gyms closing right now..Like I said. The weirdest consequences..😷
MrAverage1965 · 61-69, M
@whowasthatmaskedman Very true. Here in the UK we have town centre shopping centres being demolished and replaced with residential apartment blocks, trying to breath new life into the areas.
whowasthatmaskedman · 70-79, M
@MrAverage1965 And that is going to have a knock effect of its own. Possible outcomes are an increase in migratation to occupy those houses and shore up consumer demand ..OR.. a fall in real estate prices, effecting the residential real estate investment market. which includes the banks. That then flows into the taxation income from profits. Next, where are all these people going to work?? It just goes on...😷