No… it’s because wages haven’t met inflation for over 30 years now. If we jacked up interest rates right now the housing economy would collapse in a decade because no one would sell what they bought and no one would buy.
You know what causes a market collapse? High interest rates on an already low market. What part of that graph suggests inflation from high demand and low supply? They’re already selling homes at half the rate of a decade ago and you think the problem is interest rates? Absolutely fucking retarded.
Young people are asset low and labor income low. That's the problem.
Their labor income seems low because asset prices are so high.
No… it’s because wages haven’t met inflation for over 30 years now. If we jacked up interest rates right now the housing economy would collapse in a decade because no one would sell what they bought and no one would buy.
You know what reduces inflation? Higher interest rates.
You know what causes a market collapse? High interest rates on an already low market. What part of that graph suggests inflation from high demand and low supply? They’re already selling homes at half the rate of a decade ago and you think the problem is interest rates? Absolutely fucking retarded.
Their labor income seems low because it is low.