A realtor breaks down the difference between buying a home in 2021 vs. 2024 pic.twitter.com/D2341IJKyq
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And yet, people still vote for democrats.
Inflation is a societal killer. TPTB decided that asset inflation was the way to go. Obviously, when that can is kicked it will spill out some other things.
I don’t know about “elections” but the fed balance sheet from 2020 to 2022 went from $4T to $9T. We had ZIRP rates, QE, Asset Repurchases, CARES ACT, ESF funds, PPPLF, PMCCF, SMCCF, TALF, MSLP, MLF, PDCF, MMLF, AMLF, CPFF, Consolidation Appropriations Act, American Rescue Plan, HEROS Act, Los Wages Assistance, HUD executive action on evictions and foreclosures, Stimulus Plans 1-5, etc.
$10T? $20T? Nobody even knows.
The best part in all of this is that when the real asset inflation was clearly becoming a raging brushfire of economic doom being kicked into the future the National Association of Realtors lowered their commissions guidance from the arbitrary but colluded and conspiratorial racketeering rate of 6%.
LOL.
Compound interest is fun. Whats also fun is applying the same maths to the cost of usurious middlemanning of our transactional economy. How much of your real equity gets eaten by real estate transaction costs? Next to compound interest that is one of the biggest hidden costs in plain view.
Luckily all of this is accretive to GDP. So we are growing our way out, right comrades?!
Nobody wants to leave a nickel on the table for the future when it is their nickel or even their future (many present company excluded, of course)
This is a spiritual and cultural problem. All we can really do is build our communities around our values and decouple from the beast in every way possible.
Bought the cabin in1986 at the unbelievable low owner financed rate of 9%.