2026-10-10 22:37 UTC
@flup@mastodon.scot @FluentInFinance@mastodon.social if I see an object on the road, I know to slow down, do a lane change, and avoid damage to my car and self.
I feel like I'm seeing the equivalent in the economy, but don't know the steps to take to protect my assets, livelihood, and family.
If I could change one thing, it would be the dastardly philosophy that homes are investments. You want investments to climb in value. That's destructive in a home. Homes should get cheaper (slowly) - that way more people can afford them!
A friend says the P/E ratios show we're not in a bubble like the dot-coms, but the circular financing of AI propping up the market has me worried. If the AI market fails, it may take enough people with it to cause a cascade failure like 2008.
Replies (1)
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@flup@mastodon.scot 2026-10-11 07:43
@Jirikiha@raphus.social @FluentInFinance@mastodon.social I feel similarly worried. I’m at a point in my career where it could all fall apart very suddenly, and the cost-of-living crisis would make things even more perilous. I couldn’t agree more about housing. A house should be a home, not an investment, not a plaything, not holiday accommodation. Multiple house ownership should be strongly disincentivised by taxation.