Quote (thesnipa @ 10 Jun 2022 11:02)
simple fix, do what reagan did and make interest rates so high banks dont want cash.
but they wont, they'll pump banks full of cash, issue inflated loans for inflated home/auto prices, with stagnated salaries by comparison, bulk together the loans as packages just like 2006, sell these, drop the losses on investors, then take bailouts for whatever they cant offload. the bubble will burst, markets will crash, rapid deflation will occur, and they'll keep the profits and bailouts while millions default on asset loans and move into cheap 1 bedroom apartments.
personally i cant wait for to happen so i can pick out my next house.
problem is we don’t have a reagan, volcker, and laffer to pull off savvy and difficult yet pertinent economic moves. the current top brass just tried to wave off the inflation they denied for a year with a fake magic wand. and thinks higher taxes on services and goods and people will lower inflation
rest of your post agreed and yeah id be looking to add another property at that point.