Real estate speculators gambling on US inequality getting worse, Professor Wolff tells RT’s Boom Bust ...News

Russia Today - Economy
Real estate speculators gambling on US inequality getting worse, Professor Wolff tells RT’s Boom Bust
source : Russia Today ( News ) () 44
Could the US housing bubble pop like it did in 2008? Professor Richard Wolff shares his analysis of the ongoing housing boom, and what the effects of the hot market could be. He tells Boom Bust that when it comes to the issue of housing, inflation is “very extreme” in a number of countries, with price movements similar to those seen before the real estate market collapsed back in 2008. “The problem now is the big speculators – Wall Street banks, venture capital outfits, equity investors – all in there, buying record numbers of housing wherever they think they are going to make a killing,”

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