They keep raising prices, stating that it’s due to inflation, but then they keep having record profits.

Meanwhile, the average American can barely afford rent or food nowadays.

What are we to do? Vote? I have been but that doesn’t seem to do much since I’m just voting for a representative that makes the actual decisions.

  • Linkerbaan@lemmy.world
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    10 months ago

    No the price of housing is caused by low interest rates and the money printer. This makes companies take out cheap loans and buy all the houses, thus driving up the pricing even more.

    • phillaholic@lemm.ee
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      10 months ago

      You’re kidding yourself if you think everyone having more money is going to do anything but increase bidding on housing right now though. I’m not blaming housing prices on people having money, I’m saying it’s not going to fix those underlying issues.

      • Linkerbaan@lemmy.world
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        10 months ago

        No they don’t have money. The money is created out of thin air.

        Has anybody learned anything from 2008? The entire reason that Bitcoin was even created?

        • phillaholic@lemm.ee
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          10 months ago

          To scam stupid people out of money? I don’t know what the hell you’re talking about, and I’m not sure you do either.