A 50% increase in housing prices while wages stagnate tears the social fabric by keeping the poor poorer (they have no discretionary income so inflation in necessities makes them much poorer), immobilizes the middle class (pricing them out of mobility), widens the wealth gap (assets end up concentrated in rich hands), and creates social tension that manifests as increased military conflicts
causalpending
Speaker
Kyle BassEvidence Quote
“tears the social fabric... poor... much poorer... prices the middle class out of being mobile... immobilizes the middle class... gap widens... Creates tension... that's why we're having more wars”
Source
Global Macro Investing And Geoeconomics With Hedge Fund Investor Kyle Bass | Hoover Institution— Hoover InstitutionCreated: 8/11/2026, 7:32:16 AM
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