let us see ...
(a) 100,000 house with 80% borrowing inflates to 300,000, with 60,000 still owed to the bank
(b) 50,000 hovel inflates to 150,000, requiring 50,000 downpayment and 100,000 borrowing
(c) commercial real estate driven up in 'value' which in turn inflates cost of meals, entertainment, business expenses, car dealership costs, cost of cars, education, health care, government taxes, user fees, by 100%
(d) nominal take-home rises naught dot zip
(e) real income decreases
(f) manufacturers driven out of business or execute outsourcing with gusto
(g) folks fall back on taking out 'equity' to fund living
(h) more debt goes to market
(i) bigger share of flow goes to pay interest
(j) liquidity flood in eve increasing cubic meters become necessary to delay the inevitable (there is that word again)
... sounds like a winning formulae to some, simpletons no doubt, I guess that is why my on-line unreal tournament death match & onslaught financial gaming has gone well, chopping them others down with the Manta hover scooter, and mowing the rest down with machined projectiles released from the awesome Liviathan vehicles stratosgroup.com
... I am loving it
rata ta ta ta ta by day and
rata ta ta ta ta by night |
