True, but if China or other foreign countries are buying it up in order to spy, that's not good at all. I don't know if that has been verified or if it's just more scare tactics or xenophobia which is very possible in the current political climate. If it is true, that's a concern.
I'm thinking foreign buyers should not be allowed to purchase homes in the US unless they are legal migrants who are living in them. Even then... Maybe make them rent until they gain citizenship?
Woah. Maybe foreign corporations or something along those lines, but immigrants not allowed to purchase real estate?? That doesn't seem very American. "Give me your tired, your poor, your huddled masses yearning to breathe free, the wretched refuse of your teeming shore. But you can't buy a house here until you jump through all these hoops."
Yeah, I'm certainly not firm on it. Certainly no foreign corporations. Maybe limit immigrants to a single home until they are here long enough to be vetted? You just want to avoid a situation where corporations are sending immigrants to buy properties for them.
How exactly are they going to spy? We already are watching pretty much every internet source/Power source/Communication source that could possibly be used? They won't be flying drones over the airbase. I am falling in line with xenophobia and scare tactics. We had this same thing supposedly happening in the 80's when Japan was investing here. Bottom line England owns this country. Always has and always will.
I hear you. It's likely Xenophobia and fear mongering. I'm sure military installations are aware of the ways foreign governments would spy and have safeguards against that. Other than satellite pictures and drones which would be stupid because we would see them and shoot them down or follow them to their source and kick some ass, I don't see someone on a nearby farm being able to do much. They would have to infiltrate the instillation to get any Intel and that wouldn't go over well. It's not like they are looking out their window at the military instillation with binoculars. China has bought up a lot of infrastructure and land here. That seems more like an economic thing rather than spying though.
We're going to have inflation. We have 40 years of it to make up for. We are no longer taking advantage of Russia and their soviet built wealth, and it seems like they are running out of it anyway so China can no longer produce cheap goods. Inflation is just going to happen unless we get enough machines to do enough work to hold prices down. I don't think any monitary policy can change that.
I don't disagree. Unfortunately we're on a slippery slope with housing prices as well... Something has to be done. I'm not sure what the solution might be.
Well the people that got us into that situation definitely aren't poor immigrants that moved here to achieve the American dream.. nothing will be done against investment banks or big corporations, so I guess we agree, neither of us know the solution.
I think it could be done without unfairly restricting poor immigrants. Of course, our immigration system seems set up to do exactly that, so... Maybe not.
There has to be deflation sooner or later. The rich made bank. The prices need to come down before too long. You can only inflate a balloon so much before it pops.
My thinking is that this inflation is just catching us up to inflation we did not experience due to the deflationary pressures of the fall of the soviet union (which included rock bottom prices on soviet equipment and other resources), as well as the 3rd world labor and artifical price fixing of China. That was all bound to catch up to us eventually. Now it is. I get your point, but I'm just not sure it's that simple. I'm not sure if you've watched Peter Zaihan's youtube videos or read his books, he covers it pretty well. And why the rest of the world is seeing far worse inflation than we are.
I think that is certainly part of it, specifically the resources such as oils and minerals the USSR had, but also over the last 20-30 years we've experienced unprecedented advances in technology, while simultaneously outsourcing labor to cheap countries, while taking advantage of said cheap minerals. All of those things have finally peaked, or are about to peak, or are at least under a lot of duress with the Russian invasion of Ukraine. We're likely going to have inflation as all of those three things can't get done any better than they have been being done upto this point without further advancements of technologies, that will make doing them cheaper again.
I'm thinking sharp reversal in new car prices coupled with reduction in gas and other energy prices. Service industry through a moderation in food prices and will have it's effect. Then you will see the supply chain render itself back to previous levels. Ultimately the run up due to the reversal of supply chain issues will also level off. Throw the fed pushing up rates and you have a perfect storm for deflation. I'm not the only one seeing this. A number of pretty prominent figures have been saying it. Will it happen? Your guess is good as mine but it sure seems plausible. I've pretty much pulled my investments and have gone to CD's. Even Real Estate looks like it may constrict a bit. I'm gonna play it safe for the next 12-18 months.
