is a term used to describe an economic event that persists into the future, after the factors that led to the event have disappeared.
In labour markets, the long-term unemployed also suffer long-term damage to their job prospects as their skills deteriorate and they are regarded as less employable.Any crisis-driven falls in house prices may be short-term asPeople who are exposed to job loss, insecure work or ill-health during the crisis will face a greater struggle to regain their economic footing after the pandemic than those from more affluent backgrounds.
This means the wealth-accumulating capacity of people with little to no housing equity is further compromised during and after the pandemic. In short, renters could fall further behind in their ability to buy a home.We're not going to be able to manufacture everything that we want in Australia, but I want us to be in a position where we can manufacture everything we needAn even more unequal housing future for Australia is undesirable.
RENTERS will fall further behind in their ability to buy food!
Inexplicably, this article neglects the impact that record household debt will have, dismissing potential falls as 'short lived'. Clearly it was written by someone ignorant of the effects of deep recession.
If the FamilyCourt was to stop throwing men out of their homes too.
Everybody will fall behind in this crisis except those that work in retail/cafe on Sat mornings&live with their parents.They'll be good for a loan if this go on too long. themsthebreaks abcnews auspol coronavirus
Maybe not if house prices drop through the floor