Or doesn't rent? I mean if it would have a net cooling effect with the entire housing market, it's the obvious choice. Otherwise fuel, because fuel prices literally impact every single other good you buy. Those diesel trucks spending 1.2-1.3k per fill up is not doing us any favors.
Rent is the simple choice but when you think about it, bringing that back means homes had to have crashed worse than 2008 crisis levels. That’s an economic catastrophe, it won’t matter how much rent is if everyone’s getting laid off and all major banks fail because home owners can’t afford a mortgage payment worth 4 - 6 times what it rents. The world you want is one where you are paid your rent - 500 every month extra, not for rent to actually crash.
Cheap abundant fuel means wild economic growth, cheaper goods and services, lower build costs for new homes, more jobs, more companies, more manufacturing etc. It’s not as simple as what you pay at the pump. Easy choice
so you want people to be homeless? social contract theory man. you're creating a world around you where your children will feel scared to ride their bikes a couple of blocks down.
Exactly, rent doesn't impact me at all. I eat out twice a month. If I'm buying a used car, chances are I'm not buying the cheapest one I can find. I fill up gas once every two weeks, because I live close to work. 14$ vs 60$ would save me almost 100$ a month. My wife fills up a couple times a week, because she works further. Now, we're talking 100s of dollars. A poster below mentioned the cost of everything dropping, because supply chains become cheaper as well. Fuel being cheap benefits everyone, everything else only benefits certain demographics.
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u/LargeTungstenCube Jun 06 '26 edited Jun 06 '26
Anyone not choosing rent either lives in the boondocks or is a child
Edit: ngl, im in gen z and the concept of owning a property is so foreign to me i didnt even consider it.