It's a game of musical chairs. You have to save up money to get land or get more farm animals or build a new barn or dig a well.
But in the meantime the government is printing money.
If the government prints money faster than you can save then you are never able to keep up with rising prices no matter how urgently you attempt to save money.
The ScamDemic was far more costly to economies than anyone is willing to admit. The frauds who pushed the scamDemic deserve to be executed just due to the extremely high cost and the extraordinary amount of money printing.
Also i want to point out how cooked and unrealistic these "median household salary" figures are. For one thing, a household income back then was only ONE MAN working and the wife being at home. Now TWO household incomes can't even keep up with what ONE household income was back then.
They also count many welfare receipts as income and have toyed with the definitions and classifications of these terms and statistics.
The inflation figures themselves, which are used to try to equate and arrive at "inflation adjusted" figures are fraudulent and manipulated and quite often switch around what products and goods are utilized in the consumer price index.
Even the mathematical formulas utilized to calculate GDP are manipulated. They changed the math equation for GDP three times to save Obama's ass so that it wouldn't show that Obama had the USA in a recession for six years straight. In Obama's last year he only had 1.3% GDP growth and yet the lying jews on fake news media told you Trump inherited a booming economy. One with LOL 1.3% GDP growth after they changed the formula three times to help him not show negative numbers his entire affirmative action presidency.
1 year ago2 points(+0/-0/+2Score on mirror)1 child
Yep no work, no economy, no one to buy your products or services when you start a business.
Just dead abandoned coal towns and people cooking and smoking meth.
I still like the state because it's mostly White. Just can't live there when I'm trying to work, make money, build up my assets, sell labor, wheel and deal.
Depends how specific you are. Home prices were largely inflated around 2006 and 2007. The market crashed in 2008 and home prices dropped significantly in 2009 and 2010. It wasn't until the scamdemic that prices went up so high again. In 2019 there were still lots of deals to be had.
Also much of the pricing has to do with the availability of lending. If banks are printing and lending lots of home loans, then you have more buyers with more money. If the banks decide to make bank loan qualifications stricter or give out less of them, then less buyers with less money equals lower prices.
1 year ago3 points(+0/-0/+3Score on mirror)1 child
My 'starter' home was 305k, and it was only that low because it had been destroyed by the last owner. If I hadn't been handy and willing to use leftovers from other projects at work I could not have afforded it.
Most of my peers aren't able to get a home, and we are all approaching 30. It's dumb out here
I make nearly $80k and my wife makes nearly $60k and we can't afford a house, and my family assumes the reason we can't afford a house is because we don't have traditional white collar jobs. They're frequently pushing me to explore this or that career field. Like, no, the reason we can't afford a house isn't because of my job, and me starting over at $20/hr to learn something new isn't going to fix the housing market.
1. Government brought in too many migrants into White nations.
2. The cost of housing increased drastically as a result
3. The voters demanded politicians address what they called a "housing crisis" and provide "affordable housing"
4. Government used this as opportunity to increase illegal migration even more, and develop and exploit the housing crisis to bring in record amounts of migrants. All the new housing is really only enough to keep up with rising immigration problem, meaning housing crisis does not go away.
Democrats and Republicans who claim they care about the future of children sold away all the opportunity to ungrateful foreigners. Now a strong young White man whose forefathers conquered this nation cannot even afford a small plot of land in his own nation despite working full-time and working a second job.
>"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until **their children wake up homeless on the continent their Fathers conquered**.... I believe that banking institutions are more dangerous to our liberties than standing armies.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." - Thomas Jefferson
That means literally half the houses were less expensive than this.