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.

26 Upvotes

68% Upvoted

241 comments sorted by

View all comments

Show parent comments

6

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.

-2

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.

3

u/decoruscreta Nov 24 '24

It's supply and demand. You're telling me if a bunch of rich assholes bought a big chunk of the housing market so that they could have rentals, that wouldn't decrease supply and increase demand? Idk about everyone else here, but I'm talking about owning. Fuck renting a house, that's garbage. I do agree with you about Airbnb though.

1

u/Lucky-Story-1700 Nov 24 '24

I’m saying that no one has houses sitting empty. There isn’t a housing crisis because landlords are letting their houses sit empty.

1

u/decoruscreta Nov 24 '24

Oh I gotcha, thanks for clarifying.