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Pretty much wrong in every respect. The property the "rich" rent to the "poor" is usually subject to a loan and loan covenants that require a certain spread (ca
by howmayiannoyyou 4y ago
Pretty much wrong in every respect. The property the "rich" rent to the "poor" is usually subject to a loan and loan covenants that require a certain spread (cap rate) so the loan can be serviced and the property maintained. That spread tightens when interest rates, labor and materials expenses increase. Think, inflation.
2 billion or so people were lifted from poverty the past 15 years, increasing consumption and driving global inflation. 15 years ago you were competing with less than 1/2 the number of people for, say, natural gas; and that was before Russia's gas exports were decimated by sanctions.
Many tried to warn of inflation when USGOV stimulus rained down on US citizens & small businesses. With the election looming, nobody listened.
Bottom-line... your elected leaders want to get reelected. They enact laws & policies that are inflationary because the body politic doesn't think long term, follow-on effects & is largely economically illiterate.
You get the economy you deserve, not the one you want.
Let the downvotes begin.