Question
Provide peer review Income distribution hasn't changed much. In fact, the one group that has consistently added on to their income and wealth has been
Provide peer review
Income distribution hasn't changed much. In fact, the one group that has consistently added on to their income and wealth has been the wealthy. Why?
The wealthy can take advantage of the ups and downs of an economy. They have the dispensable income to invest when average income makers cannot. The wealthy cash in on the failed real estate market. When the interest rates are sky high like it is, what type of people are buying homes. The wealthy. Investors to be exact. During times like this investor are purchasing homes in bundles. Some new homes are being sold to investors because the developers need to sale off the homes because they took out loans. Investors have also purchased homes to use as AirBnB income. This hurts the Middle class who rents homes and is one of the reasons rental prices have gone up. Beginning July 2022; short-term rentals require a license. Hopefully this will help with rental prices and annoying short term occupants.
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