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by bsanr2 2247 days ago
Which is gonna suck for a lot of people in major metros, as those salaries were necessary to keep up with asset inflation post-2008.

Wariness about the future, spiced with a tinge of schadenfreude.

2 comments

I should point out, as I have no attachment to my karma, that the schadenfreude comes from the fact that those inflated asset prices were used to justify and fund gentrification and displacement. If a crash ruins a few of the entities profiting off that, well, chef's kiss.
Well guess what those assets won't be able to sustain themselves without those salaries.