One needs to take long-term forecasts with a pinch of salt, but this is the scariest chart I have seen in a while.
— Michael A. Arouet (@MichaelAArouet) September 18, 2025
BTW, things are not much better in China, Italy, Spain and Poland. There will be a lot of really affordable real estate as we go forward. What’s the solution? pic.twitter.com/DqCsbmKv3f