Then, they can just rent out the property until governments & central banks create the next bubble for which they sell into, and the process starts again. The Bill Gates’s of the world can now swoop in and buy a ton of bargain-basement real estate. The same house which sold for $400k can now be purchased in cash at $275K. So how does this benefit the super-rich? It’s simple–they can buy the real estate outright without a mortgage. LGBTQ memes are some of the best because sometimes not everyone understands the joke, and it becomes an inside the community laugh. This scenario gets even worse if you can’t afford a 20% down payment and must resort to mortgage insurance. Memes hold some of the funniest jokes out there. In fact, if you want a $1393 payment at 6.5% interest, the most you can spend on a house is now $275,000. The same mortgage on the $400,000 house would be $2023 per month! Now a couple that can only afford $1393 is completely priced out of the market for a $400K house.
Consider the same situation with the house, only now the rate is 6.5%.
We’re obviously seeing that scenario play out. Of course, the insane money printing & spending always leads to inflation at some point, forcing the Fed to reduce the money supply and raise interest rates. For a young, two-income couple, that might be totally doable, so they can bid $400K on whatever house they like. Since all but the super-rich need a mortgage, the purchase price isn’t as relevant as the monthly payment. Naturally, people want to take advantage of the good times by spending money on such things as a new home. Their 401k balances are bursting, saving is increasing, they’re receiving free government “stimulus” money, etc.
The government uses all the new money for unsustainable spending campaigns. First, the Federal Reserve massively increases the money supply while charging ultra-low interest rates.
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Let’s examine how to create a textbook bubble in the real estate market that benefits the super-rich. No White Flag on Red Flag Laws – Kurt Schlichter Quote of the Day