Always amusing to look at threads like this...
People blame immigrants... (IMMIGRANTS? ILLEGALS? They drive up the cost of housing? FFR?) or the laziness of the kids who are not willing to work to buy these Gatsbyesque status symbols, or ... well anything but the real culprit.
The FEDERAL RESERVE has been at the helm of destroying the value of the dollar. The channels of inflationary asset storage FOR that deflated dollar is an irrelevant sideline. They happen to be real estate, medicine, and academia, but could just as easily have been hubcaps, beanie babies and kumquats, had the tax policies been different.
The imperial dictates of DC, and the insane flushing of increasingly worthless dollars into real estate (not to mention the military, “social security” (ha!), and other welfare projects) is the cause of this.
I no longer believe it is possible to MAGA, and that rather we are going to have a gigantic explosion of this debt/currency bomb. Trying to protect myself with RURAL property with some sustainable aspects, a few means of self protection, precious metals, cryptos, and a renewed interest in “soul fortification” (memorizing passages from the bible).
It is going to be a ghastly day when this thing comes unwound, and it will
When this thing comes unwound I will still have my beanie babies lol! I started collecting the old ones, with tags only, 5 years ago for pennies on the dollar. Give it another 20 years.
Let's hope it doesn't ever come to that.