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uhsguy · 994 days ago · link · · parent · post: Buyers’ Strike: Sales of New Houses Plunge 32% in 5 Months, Unsold Inventory Highest since 2008, Prices Drop, Construction Costs Spike by Most since 1980
I actually agree with you I’d probably do the same thing. Inflation cleans up balance sheets and It’s the only way to get effective out from this crazy debt load. As a Democrat you want inflation it’s good for labor, and it gets you out of pension pit that you can’t pay. 5% is probably not quite enough you probably need 7% and interest rates to match. The current dislocation is terrible though the longer it lasts the more rich folks get assets at 1% that will inflate up at 7% making Crazy profit.