Will they go up or down? https://www.npr.org/2021/11/05/1050012853/the-house-has-passed-the-1-trillion-infrastructure-plan-sending-it-to-bidens-des
`money_to_print = (n * 10^12);` is now the new normal.
While we need Infrastructure, printing has to stop.
Sounds like a disaster. US will have to borrow more. Fed will monetize the new debt by debasing the currency, your purchasing power will decrease even further, but the dollar value of your house will go up. Cool. Maybe the Democrats can even get gas prices to double again.
They are getting there. Last year I remember seeing $3.8/gallon on the pumps. Currently I see $5.5+
Democrats control nothing with gas prices. It’s supply and demand. It’s up more commonly during democratic presidencies since democrats get elected after republicans were in charge when the economy cratered, and you have recoveries that outpace oil production.
Anyone here who doesn’t already own at least one house is going to be missing out big time. No amount of TC gain will make up for leveraged appreciation in real estate.
Can you explain, why would the house price increase?
Massive inflation due to dollar printing. We’re already seeing this. Housing prices usually rise with inflation.
Everyone knew infra bill will get through. Not the best thing that is out there but def not the worst either. That’s why it’s bipartisan.
The infrastructure bill is probably the only good thing out of this. Improve our energy grid, roads, bridges, trains, and congestion points. I don’t know if it’ll significantly improve housing prices unless it brings more access to public transit to suburbs and other desirable areas to live. I think the run up in these housing areas is already baked in with hybrid and extended WFH so people want that extra bedroom and space, etc…