Inflation and Real Estate: Who’s Really in Control?
People who live solely on investment income are capitalists; those who live on wages are the working class.
The market for ordinary residential properties targets the working class. Whether you earn 300,000 or 3 million a year, as long as you earn a salary through employment, you are part of the working class.
How’s the job market? What are the working class’s expectations for the future? Their mindset when buying a home differs from that of capitalists. They focus primarily on employment prospects in the city and the specific neighborhood.
Investors don’t buy ordinary residential properties. If they do purchase them, it’s not to resell to other investors, but to sell to workers. Investors only buy in this segment when employment conditions improve, aiming to sell later to workers who have secured pay raises.