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Political Discussion
Reply to "20-30% white collar unemployment in the next 12-18 months -- how much blame will Trump get?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]How do house prices and all prices keep going up if nobody is making money and getting laid off? The government stopped printing money and buying its own bonds years ago. [/quote] Investors are buying tons of residential real estate and that's what's driving housing prices up, not the working class.[/quote] Exactly. A home in my neighborhood went on the market on a Thursday and sold $92k over asking to a LLC by that Saturday. This month it's up for rent at $5,500/mo. The Zillow monthly rent estimate based off the sale price of $1.2mil is only $3,879. [/quote]
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