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A comment on Ever-increasing home values are a Ponzi scheme. Parent comment

Re:Ever-increasing home values are a Ponzi scheme by trts on Monday June 21, 2021 @07:13PM (#27585775)
Why would the expectation be that it helps affordability? On an individual basis, having access to more money means you may be able to afford a home that would not have been within your means.

In aggregate, everyone having more access to more money means inflation.

Access to more money for a specific good or service means inflation concentrated in that category. See: college tuition and home prices in the U.S.

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Re:Ever-increasing home values are a Ponzi scheme by nicoburns on Monday June 21, 2021 @07:17PM (#27585808)
> Access to more money for a specific good or service means inflation concentrated in that category. See: college tuition and home prices in the U.S.

100x this. Financial policy giving everyone access to cheap mortgages has got to be one of the stupidest things governments have done in the last 30 years.

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