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This is what it looks like when billionaires own the media (lemmy.ml)

submitted 6 hours ago by cm0002@lemmings.world to c/politicalmemes@lemmy.ca

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[–] ChonkyOwlbear@lemmy.world 22 points 4 hours ago (1 children)

And a large part of the price increases people are struggling with are food and housing. It's not like you can wait till next year to eat or have a place to live.

[–] partial_accumen@lemmy.world 5 points 3 hours ago (1 children)

It’s not like you can wait till next year to eat or have a place to live.

Eat? No waiting. Live? Sure! If prices were consistently falling because of deflation, and you knew renting for a year would allow you to buy a larger house with the exact same amount of money you hand in your hand, most would do that and rent for a bit.

[–] xtr0n@sh.itjust.works 2 points 2 hours ago (1 children)

For buying a house, isn’t it kinda like the stock market (except way less liquid). Yeah, the prices may go down in a year but someone may swoop in and buy while you’re sitting on the sidelines trying to time the bottom.

[–] partial_accumen@lemmy.world 2 points 1 hour ago

A specific house may be bought up, but others will be available that are similar for substantially less in a deflationary market.