You mean all those people who thought housing was an investment would get caught with a bad investment?
Oh shucks. Well, I better get back in line for the organ grinding machine then.
Both cycles have their downsides. Nobody is saying they don’t. But having one without the other is unsustainable. You’re afraid salaries will go down. Guess what? They went down anyways. They show a higher number, but every year they don’t beat inflation is a year they went down. If wages drop during inflation and deflation, in real and gross terms, then I would venture to guess that inflation or deflation isn’t the core problem there, but letting corporations rig the game so they always win over the workers. Also if 2% inflation is stabilization, why isn’t 2% deflation? There’s no magic thing about crossing the line that makes the economy crash.
You mean all those people who thought housing was an investment would get caught with a bad investment?
WTAF are you talking about? No - I’m talking about home ownership, purchasing a vehicle, starting a business, expanding a business, doing home repair / expansion, etc.
Do you just think “hey - one thing went wrong once so everything to do with that is broken”?
I won’t continue this conversation - it’s not worth it.
You mean all those people who thought housing was an investment would get caught with a bad investment?
Oh shucks. Well, I better get back in line for the organ grinding machine then.
Both cycles have their downsides. Nobody is saying they don’t. But having one without the other is unsustainable. You’re afraid salaries will go down. Guess what? They went down anyways. They show a higher number, but every year they don’t beat inflation is a year they went down. If wages drop during inflation and deflation, in real and gross terms, then I would venture to guess that inflation or deflation isn’t the core problem there, but letting corporations rig the game so they always win over the workers. Also if 2% inflation is stabilization, why isn’t 2% deflation? There’s no magic thing about crossing the line that makes the economy crash.
WTAF are you talking about? No - I’m talking about home ownership, purchasing a vehicle, starting a business, expanding a business, doing home repair / expansion, etc.
Do you just think “hey - one thing went wrong once so everything to do with that is broken”?
I won’t continue this conversation - it’s not worth it.
All of that still happens in countries with deflation.