“It is a concerted effort and it is going to get worse.”
Current reality: $350,000 price
Goal: $200,000 price
That really isn’t practical to implement because people with $300,000 mortgages would mail in their keys Junior Bush era-style.
Next consider:
Current reality: $350,000 price
Goal: $350,000 price (after say 60% wage inflation)
This has to be implemented slowly, which is what many Democratic areas are trying to do (and which many young people find to be unsatisfactory). But many people might choose to do is to say sell their California ranch-style house for a Montana ranch.
The key is, the US dollar is worth $.01, as inflation caused by deficit spending rises, the government gets the bounty.
My home I bought for $28K in the 70’s, is now worth close to $500K. Not my fault, the dollar has dropped in value from $1 per silver coin, to $18. Weird that the value of the home hasn’t gone up, the value of the $$$dollar$$$ has gone down.
18$ times 28K$ ====== $504K
Who benefits? Government benefits, I am one of the few who knows, my wealth has not increased, unless I sell and poach a place in another place. This is another problem created ONLY BY GOVERNMENT SPENDING.