What if Inheritance-funded all-cash buyers entrench housing unaffordability?
Wealth-transfer recipients out-bid mortgage-dependent buyers with inherited cash, supporting home prices but locking out first-time buyers; the bid sustains values and renovation spend while deepening the ownership divide.
Every number ships with its receipt — the odds, the range, the precedents, and a public grade at Reality Check. The statistical machinery that produces it is proprietary.
The butterfly cascade
How this trigger trickles across markets, left → right — the root shock, its first‑order moves, then the ripple effects. Drag any node; tap a market for its real price history.
Resolution timeline — how this probability is moving
Our model's odds (electric blue) over time vs the market's (Polymarket, amber), from the past toward the 3–10 years horizon. Each dot is a real macro event that nudged the probability — green pushed it up, red pushed it down. Tap a dot for the source. Loading the probability audit trail…
What it would mean
If this plays out, it is a mixed shock. Wealth-transfer recipients out-bid mortgage-dependent buyers with inherited cash, supporting home prices but locking out first-time buyers; the bid sustains values and renovation spend while deepening the ownership divide. The trigger decomposes into signed root‑shocks — Consumer spending ▲ · Mortgage rates ▼ · Risk appetite ▲ — which propagate through our causal graph to the markets below.