Benjamin Roth, writing in 1933, cites the situation ten years before in Germany, when houses could be bought for $50 (2.4oz gold, 40oz silver). Here's why that happens, and why it will happen again.
Although aged, I have wished for farmland near my hometown. I grow fruit trees in large pots (close together), but if I had land with water, that would be a dream come true. If cheap land prices ever happen, then it is those farmers who don't own the land outright who will give some or all of it up due to dollar value loss. But how does a potential buyer even learn which farmers may be subject to such?
Would the same apply in the UK and other countries
yes
Did 30-yr mortgages exist back in 1930's Germany? If not, there must be a different reason for such a deflationary effect on real-estate.
maybe not 30y but mortgages definitely existed.
"And recall, recessions typically start shortly after the rate cutting cycle has already started, with an average of 7 months post first rate"
Conveniently timed to arrive after the election.
Although aged, I have wished for farmland near my hometown. I grow fruit trees in large pots (close together), but if I had land with water, that would be a dream come true. If cheap land prices ever happen, then it is those farmers who don't own the land outright who will give some or all of it up due to dollar value loss. But how does a potential buyer even learn which farmers may be subject to such?
I would suggest you look for foreclosures sales after the economy crashes.
Tack så mycket!