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"where it just sat there doing a whole bunch of nothing to consumer prices and wages." Your primary residence should be thought of as a consumption item, wheth
by vp8989 6y ago
"where it just sat there doing a whole bunch of nothing to consumer prices and wages."
Your primary residence should be thought of as a consumption item, whether you rent or own. If homes cost more to buy or rent since the QE (and they do) then we absolutely have had consumer price inflation.
- supertrope 6y agoToo many people consider their house a store of value, a significant portion of their retirement assets, and/or a speculative asset that can be cash out refinanced.