Quote:
Originally Posted by Leondros
It certainly isn't a cure all but I believe we will reach an allowable limit on interest rates. Taxes can be another pillar that helps take some inflationary pressure out of the market. Now, looking at what kind of government we have elected currently I am not at all confident it wouldn't get re-injected into some kind of asinine rebate but if it was implemented properly it would work.
We are going to run into a problem where we are tanking the housing market where so many people have a large chunk of their total wealth sitting. We will hit a limit here before people have to turn their keys into the bank. Increasing taxes could be a decent solution.
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Maybe we shouldn't be protecting the few people who bought houses they couldn't afford if not for ultra high leverage with ultra low rates at the expense of the vast majority of the rest of the population. You can't protect everyone from their mistakes.