@bennyjohnson Correction: You’re the second world. Europe is the first world, as in: the old world. America is the new world, the second world. The third world is the rest, as conquered by the old world.
@BikoKonstantin1 Bank create money (digits in accounts) when they lend, expanding the money supply. All that new money flows into the real estate sector, inflating prices ridiculously. This bubble will burst when borrowers default and banks' liquidity suffers, freezing the interbank loan market.