Comment Re:So for all the boomers who got into their house (Score 2) 109
All of these things are going to drive inflation. Because what's happening here is landlords are taking money out of the economy and giving nothing back. There's a little bit of downward pressure on discretionary spending but not enough to make up for the price of groceries shooting up.
This isn't true. Inflation is the "general rise of prices"... If only the real state and the job marker rise it's prices it's not inflationary... somewhere somebody else is going to spend less and equilibrate the equation. This doesn't mean there is there is no inflation in the US, but the real state market is not the cause of inflation.