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Housing doesn't go down. So it will take inflation to bring extreme commodity prices down. This is how bubbles work and is why inflation is essential.
by m0llusk 5y ago
Housing doesn't go down. So it will take inflation to bring extreme commodity prices down. This is how bubbles work and is why inflation is essential.
- muzani 5y agoWe have a housing bubble popping where I live. Prices dropped a little, about 20%. What really happened was the loan terms became better: no deposit, bank pays 5 years for free, 20% cashback, and so on. Thankfully salary inflation here has been great.