[gogogodzilla]

You know, since the price of basic necessities like food and gasoline are rising at a rapid pace... there is less money the average American has to spend on things like housing. They can substitute renting for buying

But they can’t substitute food or gasoline.

The faster inflation bites those basics, the worse the housing market will get. For the market price for buying a house will have to drop down to the level to which the stressed family can finally afford.

[redgolum]

You know, since the price of basic necessities like food and gasoline are rising at a rapid pace... there is less money the average American has to spend on things like housing.

But Comrade! Food and energy are not part of inflation! You are just mistaking, things are wonderful! Someone will be along shortly to take you into the re education camp./sarcasm