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re: Baffled as to how single people afford houses currently
Posted on 10/12/23 at 9:50 am to Thundercles
Posted on 10/12/23 at 9:50 am to Thundercles
quote:
Baffled as to how single people afford houses currently
Welcome to Bidenomics. Look, I taught economics for 20 years and this is the deal. The employment numbers are bullshite. They are 2nd jobs and govt jobs that are propping the number up. Inflation is WAYYYY fricking out of control and somehow they've convinced half the population that it isn't. Because they are dumb as shite. Interest rates are high because the Fed is raising them. The ONLY time you raise rates is to slow down a HOT and quickly growing economy. I don't see that economy at all. I see a pretty shitty economy to be honest. The inflation is being caused by the printing of money at a rapid pace, coupled with people not working and a still kind of fricked up supply chain. The numbers coming out of the White House are penciled whipped to hell and back or just flat out spins/lies. I tell people that kids in their 20's and 30's won't be able to afford a home for another 10 years. And that's probably conservative. Get your house in order and save like a fricking lunatic because this is going to get worse.
This post was edited on 10/12/23 at 9:51 am
3
Posted on 10/12/23 at 10:28 am to Broke
quote:
The ONLY time you raise rates is to slow down a HOT and quickly growing economy.
Seems like we've had multiple opportunies to raise them post-2008 housing crash and nobody did it then, either.
So - who dropped the ball, perfesser?
Posted on 10/12/23 at 4:11 pm to Broke
quote:
Broke
Charlie Roussel, that you baw?
Posted on 10/12/23 at 5:17 pm to Broke
quote:
Get your house in order and save like a fricking lunatic because this is going to get worse.
If inflation is continuing the devaluation of a dollar, then why do I want to save and see my $3.00 slowly degrade in relative value?
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