A liberal measure of the economy (hexbear.net)

submitted 3 months ago by InevitableSwing@hexbear.net to c/chapotraphouse@hexbear.net

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https://subium.com/profile/zoopaul.bsky.social/post/3kxy4iarii424

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[-] pastalicious@hexbear.net 31 points 3 months ago

I don’t feel a shred of sympathy for them but it is funny that they’re excited about their home values going up when it means they’re paying like $300 more a month in taxes… and if they sell and buy a new home the “gains” in their home value are instantly wiped out by the inflated price of their new home. The system isn’t really working for them either but stock market brain prevents them from understanding this.

[-] PKMKII@hexbear.net 18 points 3 months ago

Yeah that’s the problem my brother has. He’s got a “cozy” starter home he’s outgrown but between home values going sky high and increased interest rates, it’s simply not economically feasible to get a new home.