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To: aynrandfreak

“Increase building of single family homes by getting rid of the green regs stopping it.”

The Fed targets 2-3% inflation and has been doing so for decades. The problem is all the things the Fed does not measure in calculating inflation. Drugs, medical care, insurance, energy, food, etc. When they target three percent, that drives the actual inflation to 10%. Pick a basket of items, like cars, houses and large appliances and you’ll see the real inflation is at least ten percent. That means you have to vastly multiply your earnings to keep up with it and THAT doesn’t happen.

When I started out as a low-end landlord all of my renters had bank accounts. Now, only one has a bank account. That’s because all the others are living paycheck to paycheck. When a couple of them got sent home without pay because of Covid exposure, I carried them for several months. They’ve never recovered. (I’ve also given two of them running cars. I can do that because I used to keep cars for two decades. The cars don’t last that long anymore no matter the maintenance.)


18 posted on 11/08/2025 12:40:44 PM PST by Gen.Blather (Has anyone seen my tagline? ...I know it was here...)
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To: Gen.Blather

When I bought my first house, 30 year mortgages interest rates were 18%. Houses prices were a lot lower.


38 posted on 11/08/2025 12:51:16 PM PST by alternatives?
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