The Intelligence from The Economist Home truths: a global property wobble
Aug 30, 2022
Vinjera Makandawire, The Economist’s global property correspondent, shares insights on the fading pandemic property trends and the instability of housing markets worldwide, while offering predictions for the future amid rising interest rates. Shashank Joshi, an expert on military affairs, discusses the complexities of urban warfare, emphasizing the logistical challenges and dangers of modern conflicts in cities like Mariupol. Plus, a lighthearted dive into the evolving grammar of 'data' adds a twist to the discussion.
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Housing Boom Decline
- Rising interest rates are deflating the global housing boom.
- Prices are falling in frothy markets like Canada and New Zealand.
Mortgage Vulnerability
- Countries with high variable-rate mortgages and mortgage debt are vulnerable.
- These include Nordic nations, Australia, and Canada.
Urban Warfare Challenges
- Urban warfare is destructive and challenging for armies, offering many hiding spots.
- Cities often face significant damage, as seen in Mariupol.