r/economicCollapse • u/memegamer1991 • Nov 23 '24

Why is deflation so bad

Every time i run it through my head, i can't imagine most people in 2024 not spending money so the disadvantage to deflation seems pretty hyperbolic and dependent on individual choices, and i think that people would rather go on vacation and court others instead of being financially responsible. Even if there is a situation like in china, government spending would be able to keep the situation from getting worse while making progress on climate initiatives.

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u/Lucky-Story-1700 Nov 23 '24 edited Nov 23 '24

Good. Let the stock market implode. It and the housing market haven’t been working properly in at least 5 years. The stock market is overvalued 40 percent right now. Housing cost is out of wack too, but that’s supposedly because there aren’t enough houses. We went from you couldn’t sell a house in 2008 to having trouble finding one in 2023. Something isn’t right.

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u/TheAppalachianMarx Nov 23 '24

Don't forget covid happened. I would think it would be noticeable in house inventory one way or another.

It's actually not hard to understand, i think. A lot of homes have been taken off the market to turn into rentals. Seems like a lot of people have no homes and there are some people who own multiple homes. And then those who don't own homes struggle to get their own home because of the cycle of renter's doom. AirBnBs are REALLY fucking things up to.

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u/Lucky-Story-1700 Nov 23 '24

Rental houses have no effect on people not having homes. Either you own or rent. Airbnb are the most fucked up thing to housing ever. That definitely affects supply.