Community Voices: Slippery Slopes and Money Traps | Voices of the community

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Imagine a monetary system that systematically devalues ​​money, and then its promoters have the audacity to tax any interest you might have earned from keeping it. Let’s say you’ve owned stocks, bonds, and invested in real estate for the past dozen years. Rising dollar prices, that is, until the beginning of 2022, profit or inflation?

Rest assured, the IRS treats this as income. We baby boomers quietly rejoice as our home prices rise, even as affordability for first-time home seekers suffers. The implications suggest that potentially excluding many of the baby boomers’ grandchildren from their own slice of the American dream sounds like a form of financial cannibalism. At the same time, some homeowners who may have lived in their home for many years are finding that they cannot afford to buy their home at today’s prices. Given the current softening of home prices due to higher mortgage rates, will potential homeowners be happy when prices fall?

Safe and effective monetary policy

Central Pumping Planning: Aisle 1, 2 Clearing

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