Comments by "David H" (@DavidHalko) on "The 3 KEYS to ENDING INFLATION in the West - VisualEconomik EN" video.
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So, temporary China deflation does not help Westâs inflation, but temporarily & artificially hides it.
The US inflation is pretty simple & you missed it, migration across the US Southern Border has been occurring faster than housing permits [for ~2 years], which has been driving increased housing prices, which increases taxes, which increases housing rents, which all decreases real wage value, which increases requested human wages, while the government spends like a drunken sailor, and all of this is creating inflation.
The increased need for higher wages leads to a tightened labor market, where US workers can not afford to take a job which they essentially lose money working at⌠thus people donât go back to work.
Everywhere around the world which sees immigration + organic human population growth > government permitted housing starts, for years, sees inflation⌠the U.S. is no magical place which is immune. đ˘
The US inflation is 100% due to their own executive branch policy of not enforcing the law at the Southern Border & printing free money to cover up their disaster.
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 @schumanhuman - âpopulation⌠not a major factorâ
More people needing to live in a house than housing that exists most certainly creates a major factor in prices.
âwhy doesnât supply rise to meet demandâ
The governments must issue permits.
âUS has plenty of land and lots of skyline to fill?â
The governments must issue permits.
âLand prices⌠monopoly price determines by taxes and bank creditâ
As long as people are willing to buy the land at a higher price, the taxes go up since the value goes up.
There are land prices by Detroit are cheap, as miles upon miles of land area was abandoned, and that land is cheap⌠but there are no jobs. There are also no government services, because the land is cheap & taxes so low.
There must be job opportunities in an area, before people can settle there.
If there are no job opportunities, then there must be a degree of wealth independence, in order for it to be like an extended vacation/retirement.
âIf migration is loweredâ
Or if housing permits are increased, this would solve the problems
âdevelopers always seek to maximize profitsâ
As do all families, in order to save for a rainy day.
âviews on immigrationâ
It is simple:
1. Government permit more housing
2. Government limits immigration
Either way, the government has control, they have to do something about it.
ânot the key to affordable housingâ
Affordable housing is a longer term problem.
Right now, we are just talking about the general inflation in & out of the housing market, caused by some dumb, really dumb, politicians⌠who wanted to get rich at the expense of the poor & middle class.
This is not rocket science.
There are idiots who think they can increase population faster than what they are permit houses to be built.
Those same idiots think they can do it for 2 years.
Clearly they knew the consequences,
which is why wealthy investors, supporting the idiots politically, were snapping up land everywhere.
I have no sympathy for the Lords who want to own the land and make the serfs suffer with super high rent.
They cause the inflation in the US, now they need to suffer a little, like the rest of the poor & middle class
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