Comments by "TommyJ" (@ImperiumLibertas) on "Inflationary depression hitting 2023" video.

When housing prices drop below mortgages it makes no sense for home owners to pay their mortgage since it's cheaper to default and live in the house for years before eviction. The question is, will inflation keep home prices higher than the current mortgages as the housing market comes down. It's a spiral though, if inflation raises home prices with high interest rates it'll eventually hit a rock bottom when people can't afford to pay their bills or put money into the market contracting the economy further. The ONLY way to truly stop this tainwreck is for Congress to stop deficit spending and adopt a fiscally response policy. As long as we have 1.7 TRILLION dollar spending bills we will have inflation to accommodate. You have all of the democrats and 18 of the republicans to thank for that.
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@urieljauregui2927 never said it was ideal but there are people who bought way over their comfortable living amount buying houses they could make payments on if they sacrificed enough. These people were looking to make a profit by buying big hoping to time the market. These are the people I'm referring to.
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