I've been hearing a lot more about inflation concerns and how inflation would benefit those with a lot of debt. Of course, that benefit would depend on whether their earnings would match the rate of inflation, which means it would really only benefit those with flexible revenue streams and not those with fixed yearly incomes, so this really only leaves those who have become incredibly wealthy through debt and large businesses.
Democrats are really trying to spend as much money as they can it seems with more and more trillion dollar plans on top of the yearly budget, so it seems increasingly likely that this plan not only tries to appeal to those easily persuaded by freebies, but is also intentionally destroying the economy in the interest of the wealthy elites, which most likely includes many of the politicians currently in office, so that they can pay off the exorbitant amounts of debt that they have used to get that wealth.
It's just astounding how reckless the silent generation/boomers have been in destroying everything their predecessors built. They will never own up to their mistakes and instead would rather take the whole system down to stay afloat for 5 minutes longer than the rest of us.
The hyperinflation of real estate is literally decades of pushing "everyone must own a home" mentality. That's what led to the massive increase of real estate prices.
Before mortgages for everyone you needed to put 25% down on a house for any bank to even consider you. This meant prices mostly remained fixed or accounted for inflation. Then when they decides everyone should get a mortgage and the government backed it the banks stopped caring. It didn't matter if you had no down payment or could pay the mortgage because to the bank either the Gov would bail them out or the homeowner would refinance every year because prices kept going up and eventually the bank would make their money back and a profit.