Posted on 02/22/2022 3:54:44 PM PST by proxy_user
You are absolutely right. The article is total BS.
They stated that it was an added effect. It’s like a form of QE but from private hands is how it sounded to me. They’re taking advantage of the Fed’s piss-poor policies.
From 2007 to the present day, the economy is worse than the Great Depression. Growth minus inflation is the standard, and we are at about 1.6% average growth over that time period. When the bubble popped, the housing market dropped 40%. A very large number of working class men and women lost their jobs. Of course the interest rates were dropped down down and down, which should have been great. Except people with no jobs, and a mortgage cannot refinance. So the rich slurped up the cheap housing at low low LOW interest rates over these last 13-15 years. Now they have a monopoly on property, and they are tearing down entire neighborhoods, and building apartments. Families that should be owning, are renting. The world turns over once again for the middle and lower class. ALL thanks to the Federal Reserve, and easy money policies.
Make good stuff rich people want.
Yes, average. And that figure is actually several years old; it’s likely higher now.
Me too - sounds like a Biden WOKE 1% commie-lite crap.
Biden voters, Cheeses Rice!
Stupid should hurt. The problem is Democrats insist on sharing the results of their stupidity on the rest of the world . . .
Bing. Go.
Pumped up taxes on ballooning property values squeezes the middle class out of any pay raises or other increased income.
Repeat after me, inflation is NOT a crisis. Climate change? Crisis. Insurrection? Crisis. White supremacy? Crisis.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.