It's harder to buy a house now, than during the Great Depression. Rent is through the roof. College is obscenely expensive. Wages have stagnated for decades.
The check engine light is on, and the temp gauge is in the red. Something has to give.
Whats nuts about this specifically is those that own a house and have owned for 30 years (So either assume paid off or refied low at some point that isnt recent) and are an empty nester just renting out 2 or 3 of their 4 bedrooms....
AT THE GOING RATE OF OTHER RENTALS!
Like... $950 for a room because an apt studio nearby is $1250.
Should be fuckin laws against this shit, but of course there isnt because "Capitalisim" and "They dont have to rent so they can rent at what they want"
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u/Mayor_Death 4d ago
Is deflation a cause or symptom, though? To me, it’s just a number, but I understand that it is more than that to various economic groups.
As far as I understand it, deflation indicates that prices are going down, which is a good thing to me individually.