Comment on What is an average person living in the US supposed to do about corporations raising prices?
Linkerbaan@lemmy.world 10 months agoNo the price of housing is caused by low interest rates and the money printer. This makes companies take out cheap loans and buy all the houses, thus driving up the pricing even more.
phillaholic@lemm.ee 10 months ago
You’re kidding yourself if you think everyone having more money is going to do anything but increase bidding on housing right now though. I’m not blaming housing prices on people having money, I’m saying it’s not going to fix those underlying issues.
Linkerbaan@lemmy.world 10 months ago
No they don’t have money. The money is created out of thin air.
Has anybody learned anything from 2008? The entire reason that Bitcoin was even created?
Money printer goes brrr
phillaholic@lemm.ee 10 months ago
To scam stupid people out of money? I don’t know what the hell you’re talking about, and I’m not sure you do either.
Linkerbaan@lemmy.world 10 months ago
No I do very much know what I’m talking about. It’s just you.