Uber Eats or something idk
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Not necessarily, if you own a home AND your pay slowly goes up to compensate (both of these unfortunately aren't happening for a lot of people), relative to your income your mortgage goes down.
Or in more generic terms, inflation is good if you borrow money.
Inflation was added to your mortgage rate. And now that everyone saves with real estate instead of saving money, the cost of real estate is very high.
So while your payments do go down over time, your hours worked to either rent or own have gone up.
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If deflation was persistent, couldn't debt have a very low or even negative interest rate?
Who would lend at a negative rate besides friends and family? Here's a bar of gold, please give me back half a bar of gold in a year.
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Deflation increases the value of money vs. goods and services. As a consequence, deflation concentrates economic power in the hands of people who already have money.
If you have debt, deflation increases the value of your debt making it harder to pay off.
How are you measuring the concentration of economic power - Gini coefficient?
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Who would lend at a negative rate besides friends and family? Here's a bar of gold, please give me back half a bar of gold in a year.
Yeah I don't really understand that part either, but it has happened
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Not necessarily, if you own a home AND your pay slowly goes up to compensate (both of these unfortunately aren't happening for a lot of people), relative to your income your mortgage goes down.
Or in more generic terms, inflation is good if you borrow money.
Or in more generic terms, inflation is good if you borrow money.
If your interest is less than inflation.
Like my colleague who bought a house for about 1.5% before inflation nearly went to 10. Man.
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Okay, show me this happening. Because literally every economic crisis I've had the privilege to live through, thanks the the Keynesians, the Chicago School of Business types, and Friedmans, has been associated with inflation.
Show me. Prove it. These economists make claims and don't have to back them up with empirical data or theories that predict future states of the world.
I don't make the assumption something is true because it sounds good and tells a good story. Prove it.
The Great Depression.
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you don't see very clear QEDs on the internet very often but it's always nice to see the reliance on data
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Or in more generic terms, inflation is good if you borrow money.
If your interest is less than inflation.
Like my colleague who bought a house for about 1.5% before inflation nearly went to 10. Man.
Biggest reason why I started paying an extra 1k for housing per month... In 5 years, my crappy "luxury" apartment will cost more per month than my house. In 10 years, people will think it's insane how cheap my house is per month.
Or the country could collapse and my property will be worthless, but at that point I got bigger problems.
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I think you are required to make deflation porn a thing now. It's like a rule.
I'm imagining some dude getting sucked off so hard he turns into dust or a raisin.
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For the longest time on 4chan’s literature board (which was a pretty useful and interesting place overall), there was a guy who would spam pictures and fan fiction of the girl from Willy Wonka getting turned into a blueberry.
I have weird fetishes, so I don’t judge too much, but wtf.
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Burritos should ride on the bus.
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Not necessarily, if you own a home AND your pay slowly goes up to compensate (both of these unfortunately aren't happening for a lot of people), relative to your income your mortgage goes down.
Or in more generic terms, inflation is good if you borrow money.
wrote on last edited by [email protected]inflation is good if you borrow money
at below the rate of inflation
Inflation going to 2% to 6% when you've got a credit card with a 30% APY is of very marginal benefit.
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Op buys avocado toast
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Inflation was added to your mortgage rate. And now that everyone saves with real estate instead of saving money, the cost of real estate is very high.
So while your payments do go down over time, your hours worked to either rent or own have gone up.
What do you mean with "inflation was added to your mortgage rate"? The prices of houses do go up but this is mostly a problem for first time buyers, after that your current house has gone up in price too, so that helps with the next house. But if you buy a house and don't move your mortgage is fixed for 20 or 30 years (unless you go without a fixed rate).
So your monthly payment will stay the same, while hopefully your salary goes up. -
inflation is good if you borrow money
at below the rate of inflation
Inflation going to 2% to 6% when you've got a credit card with a 30% APY is of very marginal benefit.
I mean it more like if you would have borred 100K for a house in the 70s that was a lot of money, if you still live in that house you probably paid it back, but even if you didn't 100K today isn't that much money anymore
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Or in more generic terms, inflation is good if you borrow money.
If your interest is less than inflation.
Like my colleague who bought a house for about 1.5% before inflation nearly went to 10. Man.
What does that mean? Where I live you borrow a certain amount of money and you pay it back plus interest (in my case 3.5%), and that percentage is fixed for 20 years. In 20 years I expect to have paid most of that entire amount back and my house should be mortgage free
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Op buys avocado toast
Millennial upvote farmer
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Burritos should ride on the bus.
New startup: BusGrub.
You put in an order for what you want and pick a timeslot a few hours in the future. E.g. for dinner, you put your order in at like at like noon and pick a 5-7pm window. Then, approaching your scheduled slot, a bus goes all around the area, picking up every order for that slot in the area, then swings around to each drop-off over the course of like two hours.
Result: Everyone enjoys cheaper, but gross soggy food.
Please give me $20 mil starting capital, thanks.
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New startup: BusGrub.
You put in an order for what you want and pick a timeslot a few hours in the future. E.g. for dinner, you put your order in at like at like noon and pick a 5-7pm window. Then, approaching your scheduled slot, a bus goes all around the area, picking up every order for that slot in the area, then swings around to each drop-off over the course of like two hours.
Result: Everyone enjoys cheaper, but gross soggy food.
Please give me $20 mil starting capital, thanks.
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Says the guy who wonders if Smurfs fuck and talks to strange men in metal bunny costumes.
I don't think about fucking my family that's gross
