President Donald Trump said during a Cabinet meeting that he wants to 'drive housing prices up' to keep homeowners 'wealthy' rather than focusing on affordability to benefit people people who 'didn't work very hard'
Go ahead, vote MAGA in the midterms if you’re curious how fucked your life can get.
Stagflation is an economic condition characterized by the simultaneous occurrence of high inflation, stagnant economic growth, and elevated unemployment.
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.
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.
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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.
Thank you for taking one for the team
Alternatively, hyper inflation will reduce your debt to nothing and you’ll still have a house.
We’re more likely looking at deflation.
I’d bet on stagflation actually:
Yeah, given seems Trump hell bent on devaluing the dollar and destroying global trade, stagflation seems most likely.
Assuming you still have a job/income.
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.
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.