@HanifBayat Thank you for calling this out. CPI is indeed a lie. More people need to understand the role of government and central banks in the affordability crisis. Your house isnβt worth more - your dollar has lost value because of money printing.
Thank you for writing this - beautifully articulated. How do you think the money we use (fiat currencies issued/controlled by governments and central banks) is contributing to these problems? Would any of these challenges lessen if we used money that canβt be manipulated or created out of thin air?
@gregorrobertson Let the market determine 'market value' - government intervention is not required to allow home prices to drop back to levels that are more in line with incomes.
Any intelligent voter can see this is a bailout of developers and banks providing the loans.
@texasrunnerDFW The Correspondent (fiction) - beautifully written and moving. It was a nice change from all the non-fiction I've been reading about finance, economics and debt cycles this year!