What goes up must go down and vice versa
The average recession lasts about 11 months in the past 65 years (10 cycles since 1950). Although some have been shorter and as long as 18 months.
Things have been exacerbated since pandemic and central banks tightening their monetary policies which makes it a recipe for impending recession. History has shown this is the exact recipe for all previous economic declines.
What we also see is that this is a short term rebalancing act of our economy. Those that weather it will be okay. Those that can take advantage of the big discounts that is curerntly taking place will reap the most from the wealth transfers.
Real estat prices have been affected in countries where low interest rates have hugely impacted the massive increase in perceived value.
Asian countries never really got the same treatment from their banks. Their real estate was already depressed compared to North America and other developed countries. Their government did not hand out free money as the West did. They were left on their own. Many were forced to sell their lands and properties. This has created a big decline in value as many landowners had to sell to support their extended family. Opportunity knocks for those that can come to the table to help these people.
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