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no, fat. i would prefer that the vegetable not devalue our currency by spending trillions upon trillions of dollars that did not need to be spent, thereby allowing the middle class to maintain or increase their standard of living
But again you're using the devaluation of currency to deflect from calling for a person using personal responsibility to better one self. Which again makes me question if you are for socialism.
no, fat. i would prefer that the vegetable not devalue our currency by spending trillions upon trillions of dollars that did not need to be spent, thereby allowing the middle class to maintain or increase their standard of living
Your article does not say it's due to spending.
What is does say, is that since Covid the middle class added $6.7 trillion to their wealth by march 2022 (the peak), and now they are down $2.4 trillion since the peak due to interest rate hikes. If so, they are still up $4.3 trillion, or about +$60 000 per person.
Fake wealth from sky high asset prices doesn't count. Homes need to drop by 50% in many areas to be affordable.
That won't happen simply because the MILLIONS of illegal aliens Biden has let flood over the southern border have to live somewhere. Increased demand for housing creates UPWARD pressure in pricing.
That won't happen simply because the MILLIONS of illegal aliens Biden has let flood over the southern border have to live somewhere. Increased demand for housing creates UPWARD pressure in pricing.
Not sure how many illegals can afford to buy new houses in US.
Average cost of a house in Broward country, FL is $420K.
That won't happen simply because the MILLIONS of illegal aliens Biden has let flood over the southern border have to live somewhere. Increased demand for housing creates UPWARD pressure in pricing.
That's right. The country is being destroyed - not from incompetence, but on purpose.
no, fat. i would prefer that the vegetable not devalue our currency by spending trillions upon trillions of dollars that did not need to be spent, thereby allowing the middle class to maintain or increase their standard of living
Since Joe Biden took office, the US dollar has appreciated in value from 90.58 to 103.14, as I write this.
I am in west Fl. Sarasota area. I get what’s happening here with the beach n sun and retirees. But it’s bad everywhere. My friend in Canada apt went up $500. There’s fighting regarding high rents in Europe etc. I’m taking pre- pandemic it was decent. I do think investors have raised the prices as they own 25% in some areas, they created a deficit of homes sending every one scrambling. Many investors said not selling. Renting. And the held the properties waiting for the market to rise. They are building rental house communities as we speak in many areas instead of just apartments or townhouses.
The greed lies with the wealthy n investors.
I won’t discount that the investors are a part of the problem. They are along with the mass migration that has happened. To your point, rentals through websites like Airbnb and VRBO etc. are pressuring the market. Home owners and investors alike are putting their previous homes on those sites for rent instead of selling them. Just another factor squishing the market. It’s a big issue overseas too. A law in the UK that would have stopped so much renting on Airbnb and the like just failed to pass. The loose southern border doesn’t help either.
I don’t know what the answer is entirely but something has to break loose. The current prices are not sustainable. Might take another recession to reduce prices, but then again only the big investors will capitalize on it. That downturn in 2008 started the rush of investors to housing. Could buy for dirt cheap.
Is this intended as humor?.
Our military forcing other countries to trade in greenbacks has zero to do with the value of said dollar.
The dollar remains the best smelling turd in bowl of fiat currency.
The reason a certain portion of our nation has been losing monetary value, is a direct result of wages not keeping up with inflation.
That's an index fund NOT the "value of the US dollar".
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