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Non-Tech : Kirk's Market Thoughts
COHR 178.34-10.2%Dec 12 9:30 AM EST
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To: Kirk © who wrote (11470)6/22/2021 10:13:38 AM
From: Kirk ©   of 26768
 
I should add to this there is one positive benefit for all this money printing to buy government debt that keep the economy humming with stock and home values soaring.... well two
  1. Higher stock prices help pension funds be less insolvent.... so fewer government services are cut to keep funding them in blue states.
  2. Higher home and asset prices including stocks mean more taxable capital gains when they are bought and sold.

The inflation is stealing value from the asset holders in the form of taxation.

Example. I bought my house 27 years ago here thinking the land would appreciate well with all the borrowing and spending.... the goal was to ride it up in value, cash out to buy a smaller place here and keep the gains tax free with exemption from Clinton that if I married my fiancé would have allowed an 88% gain without any income tax on that gain.... well now the inflation is so high and both fed and state hammer the 5 or 6x gain I'd get with all sorts of extra taxes to the point there would not be enough left to buy a cheap place, much less have enough money left over to justify the loss of land, space, privacy, etc. in a small condo or townhouse...

So side effect is MANY here are in the same boat, we stay put and there is a housing shortage since some that raise families in large houses, get old, have a spouse die, face the same dilemma. Again, that hurts the low and middle income people as the people who would buy our homes bid up the prices of lower priced homes...

But try and explain that to the idiots running things. They prefer to blame racism and other nonsense.
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