4 ms·
Loans being secured with assumption of ever increasing property value is one big contributor to the current inflation. Especially once everybody started using t
by Too 4y ago
Loans being secured with assumption of ever increasing property value is one big contributor to the current inflation. Especially once everybody started using their inflated house value as downpayment for their second house ad infinitum.
I’m sure someone smart can come up with many better ways to tame this, other than just turning the inflation knob.