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My comment was not intended to be read as "FU, got mine". I was only pointing out that most households in the U.S. are somewhat shielded from these high inflati
by ProfessorLayton 5y ago
My comment was not intended to be read as "FU, got mine". I was only pointing out that most households in the U.S. are somewhat shielded from these high inflation numbers, especially since shelter is typically the biggest expense.
I vehemently agree that those who don't own appreciating assets are worse off, which is why I said it "sucks", because it does. But it isn't most households.
Lastly, young people in particular are also less likely vote at all, let alone for their own interests. Before the pandemic, the housing shortage was entirely artificial, and the main reason housing keeps skyrocketing is political. There just isn't enough supply to keep up with demand, yet people without homes don't show up at their local council meetings demanding more housing supply the same way NIMBY homeowners show up demanding less.