A $150,000 House in 1988 Now Costs $707,500. Thank You Fed.

Posted by freedomforall 2 months ago to Economics
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The gold nugget of this article:
"Only price-insensitive buyers, the newly rich, or those who just sold their previous house, can afford to buy."

Ordinary people don't bother even trying. You do not matter to the puppeteers.
D.C. NIFO
SOURCE URL: https://mishtalk.com/economics/a-150000-house-in-1988-now-costs-707500-thank-you-fed/


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  • Posted by Redbone 2 months ago
    Quit Calling it Inflation and Call it what it is.
    ……………..Devaluing the Dollar……………..
    The government keeps printing money making Your Money and Your Savings worth less than Toilet Paper.
    In 1971 when the dollar was removed from the gold standard there was approximately 60 billion dollars in circulation. Now there is 2,345 Billion Dollars in Circulation, Backed by Nothing, thus reducing the buying value of your dollar by 88%.
    After Removing the Gold Standard your money is just Paper and They keep Printing, Spending and Giving it Away while you go Broke.
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  • Posted by tutor-turtle 2 months ago
    I don't want to publicly specify actual dollar values, but sure, a factor of ten over 30 years, no problem.
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    • Posted by $ Snezzy 2 months ago
      We used to do pony rides for parties for $90 thirty years ago. We now do them for $500. OUR PRICES ARE NOT HIGH ENOUGH. The bag of hoss feed that used to be $2 is now $22.

      If I'm not close enough to get your kids a pony ride, find someone who is. Ponies everywhere are still paying off their credit cards from having suffered through the unemployment of 2020, with No Birthday Parties.
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      • Posted by mhubb 2 months ago
        you too!!!

        late wife and i did pony rides!!!
        almost 30 years ago now

        those little monsters (the ponies, not the kids) were very good at escaping past fences!!
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        • Posted by $ Snezzy 2 months ago
          Thanks. I'm hoping some day to write a book on how to do pony rides, and "What about escapes?" should be one of the chapters. Ours mostly don't.

          Badly behaved ponies often were trained by children, rewarded for doing wrong and punished for doing good. That's umop episdn from the right way. Kids mostly do not understand training.
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  • Posted by CaptainKirk 2 months ago
    yep, and lets assume you sell some assets that were INFLATED like that. It's all capital gains baby. Go pay taxes on that money.

    Good luck trying to write-off all of the expenses you had on that property. Insurance? NOPE. Repairs and Maintenance? Upgrades? (Well, they want just 1 MORE piece of paper than you can find, but routine maintenance. Not a chance).

    It's all fraudulent.
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  • Posted by term2 1 month, 3 weeks ago
    The government printed a LOT of money and its finally come home to roost. Obamacare tripled medical insurance rates at least. Trips to Costco now cost $500 instead of $250 before the pandemic.

    All people need to do is visit their grocery store to see that they should vote for Trump to at least slow down the race to socialism. He isn't the very best to corral government, but is the best this time around.
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  • Posted by $ Abaco 1 month, 4 weeks ago
    One of the reasons I like buying real estate as a hedge against inflation.
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    • Posted by 1 month, 4 weeks ago
      One of the reasons I despise buying real estate is that the buyer pays rent
      forever and is only a slave to the actual owner, the state. (Not even
      accounting for the debt enslavement to the banking cartel that creates fiat
      from nothing and charges interest as if the loan was made from the bankers'
      earned investments.) Then when the property is sold the state demands
      (steals) additional payment of taxes on the inflated price that in reality
      is just a decline in the purchasing power of the fiat currency.
      It is little more than debt slavery and tax slavery and the ultimate
      con game by a gang of thieves.
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