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> but the gov has to step in and bring real estate price under control You do realize that the government created the inflation problem, right? The high amount
by MR4D 4y ago
> but the gov has to step in and bring real estate price under control
You do realize that the government created the inflation problem, right? The high amounts of stimulus spending plus years of deficit spending created this situation.
- Consultant32452 4y agoLet's not let the federal reserve off the hook with insanely low interest rates for so long.
- astrange 4y agoZero interest rates also meant construction was cheap. The fact that we didn't construct anything using them was the problem. Higher interest rates are going to make that worse unless we have more public housing investment.
- kurthr 4y agoIt's important to realize that the GOAL of the Fed was to raise inflation, but since they can't create money (only change rates and bond terms) it affected primarily financial assets... so we have had financial asset inflation since the dotcom boom (and entry of China into WTO) because of the Fed mandate. For long term growth we should have spent money (eg on broken bridges and infrastructure), but that requires congress to allocate funds so instead it was all monetary (and tax cuts).
- Consultant32452 4y agoThe only thing I would add to your comment is that it was all on purpose. As you note, the inflation was on purpose. But also the not repairing our infrastructure. That was on purpose too. It was the greatest wealth transfer from the common people to the wealthy that has ever happened in the history of the planet. The biggest mistake people make is believing this was all just "incompetence." Mistakes of this magnitude are not made innocently.
- strangattractor 4y agoTrue but inflation was triggered by the Russian Invasion of Ukraine.
- WalterBright 4y agoInflation was at 7.8% the day before Putin's Price Hike.
- strangattractor 4y agoBetter with a source but you are correct. https://tradingeconomics.com/united-states/inflation-cpi#:~:text=Inflation%20Rate%20in%20the%20United,percent%20in%20June%20of%201921 https://tradingeconomics.com/united-states/inflation-cpi#:~:....
- strangattractor 4y agoHow about inflation was triggered by a combination of COVID supply change problems and further exacerbated by sanctions placed on Russian due to the Ukrainian invasion.
- thrown_22 4y agoHow about: Politician will lie about anything to get elected. The day before the invasion we were looking at 6% inflation with everyone expecting it to get worse.
- colinmhayes 4y agoThe day before the invasion everyone knew it was going to happen.
- thrown_22 4y agoApart from Zelesky apparently.
- 4y ago
- testfoobar 4y agoNo politician wants to admit that the source of housing inflation is the government: ZIRP, QE, stimulus, deficit spending combined with ever greater regulations and restrictions on land use have fused together into ever rising housing prices. It appears that no sensible politician is willing to admit the problem let alone propose comprehensive solutions.
- zbrozek 4y agoI idly dream about overturning Euclid v Ambler and its follow-ons.
- zip1234 4y agoI actively dream about this. Hard to believe it is constitutional—-overreach of police powers.
- nazgulnarsil 4y ago65% of voters or thereabouts are homeowners iirc. Untouchable.
- colinmhayes 4y agoMost voters don’t see housing price inflation as a bad thing. They see it as a good thing because it means their net worth is increasing.