The trouble with oral agreements then become determining what is in the oral agreement, after the fact. Whether one party remembers it differently to the other, either due to poor memory or deliberately.
> The trouble with oral agreements then become determining what is in the oral agreement, after the fact.
Yes, except for the narrow situations where writing is legally required for a contract, the point of a written contract document is not that it is necessary to create a contract but that it is valuable in the event of a dispute as evidence of what the parties actually agreed to.
Determining that an oral agreement existed and what the terms were is an evidence problem.
It will start with the new houses... The builders have to sell, so new house prices will drop first. Then when existing home owners see the prices of new houses dropping, they will rush onto the market and try and get out before everyone else does.
People need to consider however, if they sell, they also need to take into account the mortgage rate they will be able to obtain. They may be on a significantly lower interest rate than they can obtain now, so even if houses prices drop, they may not end up in a better financial position.
Certainly not exclusively. We have a pretty thorough understanding of vision loss with age, and almost all of it is caused in the optics part of the system (that's why you can compensate with glasses or eye surgery for such a long time), not in the optic nerve or after it.
Hearing is pretty similar, no idea about smelling.
But how "random" are they, because the government knows you're coming and can tip someone off if they value their export manufacturing industry enough.
