There are two things that can happen to an asset price bubble. It can burst dramatically, or deflate slowly. Which brings us to the Australian housing market.
Tagged With housing prices
Disruption is messy. That's the point - a business rethinks the rules of its industry and forces everyone to scramble and regroup, including customers. Now every purchase you make becomes a choice between two kinds of economy. Buy all your books on Amazon and your local bookstore could disappear; order UberEats and - what!? - your local restaurant might go under. Rent an Airbnb and, yep, you're raising people's rents. But, says The Atlantic's Derek Thompson, only a little.