▲ 699 ▼ Trump Says He Wants to 'Drive Housing Prices Up' Instead of Lowering Costs for People Who 'Didn't Work Very Hard' (people.com) submitted 7 months ago by MuskyMelon@lemmy.world to c/politics@lemmy.world 159 comments fedilink hide all child comments Go ahead, vote MAGA in the midterms if you're curious how fucked your life can get.
[–] infinitesunrise@slrpnk.net 29 points 7 months ago (2 children) It's OK guys, I'm planning on buying a home later this year. Knowing my luck, property values should plummet sharply shortly after I do that. permalink fedilink source hideshow 4 child comments replies: [–] deadbeef79000@lemmy.nz 15 points 7 months ago (2 children) Alternatively, hyper inflation will reduce your debt to nothing and you'll still have a house. permalink fedilink source parent hideshow 4 child comments replies: [–] jacksilver@lemmy.world 12 points 7 months ago (2 children) Assuming you still have a job/income. permalink fedilink source parent hideshow 4 child comments replies: [–] matlag@sh.itjust.works 5 points 7 months ago And the income follows somewhat inflation, otherwise you'll need 600% of your income to barely afford one meal per day, and you won't have anything left for the house. permalink fedilink source parent [–] MuskyMelon@lemmy.world [S] 1 point 7 months ago Implement the Argentina response which is to keep taking out loans one after the other, pay off older loans with newer loans as their currency crashes. permalink fedilink source parent [–] Drusas@fedia.io 2 points 7 months ago (1 child) We're more likely looking at deflation. permalink fedilink source parent hideshow 2 child comments replies: [–] deadbeef79000@lemmy.nz 5 points 7 months ago (1 child) I'd bet on stagflation actually: Stagflation is an economic condition characterized by the simultaneous occurrence of high inflation, stagnant economic growth, and elevated unemployment. permalink fedilink source parent hideshow 2 child comments replies: [–] jacksilver@lemmy.world 2 points 7 months ago Yeah, given seems Trump hell bent on devaluing the dollar and destroying global trade, stagflation seems most likely. permalink fedilink source parent [–] EndlessNightmare@reddthat.com 2 points 7 months ago Thank you for taking one for the team permalink fedilink source parent
[–] deadbeef79000@lemmy.nz 15 points 7 months ago (2 children) Alternatively, hyper inflation will reduce your debt to nothing and you'll still have a house. permalink fedilink source parent hideshow 4 child comments replies: [–] jacksilver@lemmy.world 12 points 7 months ago (2 children) Assuming you still have a job/income. permalink fedilink source parent hideshow 4 child comments replies: [–] matlag@sh.itjust.works 5 points 7 months ago And the income follows somewhat inflation, otherwise you'll need 600% of your income to barely afford one meal per day, and you won't have anything left for the house. permalink fedilink source parent [–] MuskyMelon@lemmy.world [S] 1 point 7 months ago Implement the Argentina response which is to keep taking out loans one after the other, pay off older loans with newer loans as their currency crashes. permalink fedilink source parent [–] Drusas@fedia.io 2 points 7 months ago (1 child) We're more likely looking at deflation. permalink fedilink source parent hideshow 2 child comments replies: [–] deadbeef79000@lemmy.nz 5 points 7 months ago (1 child) I'd bet on stagflation actually: Stagflation is an economic condition characterized by the simultaneous occurrence of high inflation, stagnant economic growth, and elevated unemployment. permalink fedilink source parent hideshow 2 child comments replies: [–] jacksilver@lemmy.world 2 points 7 months ago Yeah, given seems Trump hell bent on devaluing the dollar and destroying global trade, stagflation seems most likely. permalink fedilink source parent
[–] jacksilver@lemmy.world 12 points 7 months ago (2 children) Assuming you still have a job/income. permalink fedilink source parent hideshow 4 child comments replies: [–] matlag@sh.itjust.works 5 points 7 months ago And the income follows somewhat inflation, otherwise you'll need 600% of your income to barely afford one meal per day, and you won't have anything left for the house. permalink fedilink source parent [–] MuskyMelon@lemmy.world [S] 1 point 7 months ago Implement the Argentina response which is to keep taking out loans one after the other, pay off older loans with newer loans as their currency crashes. permalink fedilink source parent
[–] matlag@sh.itjust.works 5 points 7 months ago And the income follows somewhat inflation, otherwise you'll need 600% of your income to barely afford one meal per day, and you won't have anything left for the house. permalink fedilink source parent
[–] MuskyMelon@lemmy.world [S] 1 point 7 months ago Implement the Argentina response which is to keep taking out loans one after the other, pay off older loans with newer loans as their currency crashes. permalink fedilink source parent
[–] Drusas@fedia.io 2 points 7 months ago (1 child) We're more likely looking at deflation. permalink fedilink source parent hideshow 2 child comments replies: [–] deadbeef79000@lemmy.nz 5 points 7 months ago (1 child) I'd bet on stagflation actually: Stagflation is an economic condition characterized by the simultaneous occurrence of high inflation, stagnant economic growth, and elevated unemployment. permalink fedilink source parent hideshow 2 child comments replies: [–] jacksilver@lemmy.world 2 points 7 months ago Yeah, given seems Trump hell bent on devaluing the dollar and destroying global trade, stagflation seems most likely. permalink fedilink source parent
[–] deadbeef79000@lemmy.nz 5 points 7 months ago (1 child) I'd bet on stagflation actually: Stagflation is an economic condition characterized by the simultaneous occurrence of high inflation, stagnant economic growth, and elevated unemployment. permalink fedilink source parent hideshow 2 child comments replies: [–] jacksilver@lemmy.world 2 points 7 months ago Yeah, given seems Trump hell bent on devaluing the dollar and destroying global trade, stagflation seems most likely. permalink fedilink source parent
[–] jacksilver@lemmy.world 2 points 7 months ago Yeah, given seems Trump hell bent on devaluing the dollar and destroying global trade, stagflation seems most likely. permalink fedilink source parent
[–] EndlessNightmare@reddthat.com 2 points 7 months ago Thank you for taking one for the team permalink fedilink source parent