The unsustainable high inflation road
High property prices are good. High salaries are good. So we continue to raise the cost of properties, rentals and of course salaries, and also the cost of everything. The cycle is unsustainable as the payers cannot afford to keep paying. The salary portion of the equation cannot keep going up. Now that salary is coming down, would high prices come down? Would the cost of living come down, prices of property and rentals, will they come down? Or shall they be propped up to give the impression of wealth? The artificially high prices of properties, by fidgeting with the supply of land cannot be sustained for long. The truth will break it apart. The American model of printing money and living on borrowed money is breaking down. Living from future income is only passing the buck. But the music will stop some time in the future. The music has stopped and the high cost model, when high cost is deemed as high quality, and good, is going to crumble. Are we still living in the beliefs that salaries can go up and up, and prices can go up and up? The higher the better?