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I don't have to worry about double digit rent increases. Between rent control and a softening rental market most folks shouldn't be too worried about that righ
by 01100011 3y ago
I don't have to worry about double digit rent increases. Between rent control and a softening rental market most folks shouldn't be too worried about that right now. If you think burning thousands per month makes you more stable then by all means do it. I think you should check your math and go with the path that increases your net worth but that's just me.
> Lower interest rates actually make it cheaper for the government to borrow as it does for everyone else.
Right, and that's the government's incentive to pursue financial repression as I mentioned. But that also weakens the dollar and allows inflation to rip again so the government is somewhat boxed-in and has some hard choices to make. My guess is that no repression occurs, rates stay positive as they are now, the government continues to run huge deficits until after the election, and then they pay for it with huge tax increases in 2 years. Right now it feels like the boomers are squeezing the wealth out of the country for their final years and will leave us with quite the bill that only AI-driven productivity gains can resolve.