As we head into even greater prices and perhaps a recession or worse, let's take even more working people income because why not, what could go wrong‽
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Mr. Softie :zc: (whiskeysailor@history.lol)'s status on Wednesday, 07-May-2025 05:40:28 JST Mr. Softie :zc:
- feld repeated this.
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unlofl [Promoted Toot] (unlofl@mstdn.social)'s status on Wednesday, 07-May-2025 05:40:26 JST unlofl [Promoted Toot]
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feld (feld@friedcheese.us)'s status on Wednesday, 07-May-2025 05:42:32 JST feld
@WhiskeySailor First, start garnishing wages in the summer. Now people living paycheck to paycheck can't pay their mortgages.
Next, the foreclosures start en masse. This takes about 6 months.
Finally, Christmas has come and Trump has blown up the housing market because now market is flooded with properties that are killing the banks to hold but nobody can really afford to buy them
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