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A comment on Making sense of what’s going on in the housing market. Parent comment

Re:Making sense of what’s going on in the housing market by bluGill on Wednesday April 21, 2021 @03:06PM (#26894081)
Maybe. IF the inflation predictions are right this time your rent will jump to $50k/year, while the mortgage of those who bought stays the same, so they have the money to invest not you.

That is a big if, and there are lots of different ways things can turn out. God doesn't advise me, so only time will tell what really happens...

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Re:Making sense of what’s going on in the housing market by harambae on Wednesday April 21, 2021 @08:05PM (#26896991)
If his $10k/year rent goes to $50k/year he probably won't want to live there anyway on account of the constant looting and rioting.
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Re:Making sense of what’s going on in the housing market by bluGill on Wednesday April 21, 2021 @10:14PM (#26897972)
One would assume wages go up you compensate.
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Re:Making sense of what’s going on in the housing market by harambae on Thursday April 22, 2021 @09:23AM (#26902432)
Is that how it worked out in Venezuela recently with those levels of inflation?
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Re:Making sense of what’s going on in the housing market by bluGill on Thursday April 22, 2021 @11:06AM (#26903584)
There is typically a lag between wages going up an inflation, and that lag will catch a lot of people, but in general it does work that way in the long run. The long run can be 10+ years though, which isn't good for the person caught in the cycle.
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