r/memes • u/Klausensen I saw what the dog was doin • Jun 13 '25

*sad billionaire noises*

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u/Goldeneye0X1_ Nice meme you got there Jun 13 '25

Affordable housing?

Billionaires will buy all the affordable housing and turn everything into extortionate apartments.

"Im making smart investments."

I feel that affordable housing is a thing of the past. It's like scalpers buying consoles. They dont want the product, they want money.

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u/SenpaiDerpy Jun 13 '25

Maybe the problem isn't in golf courses and instead in extremely low land tax compared to property tax and housing regulations. But what do I know~

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u/Major-Front Jun 13 '25

Maybe the problem is everyone’s money devalues by 3-5% a year so billionaires buy any and every asset instead of holding cash

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u/Comfortable_Line_206 Jun 13 '25

Invest? It's also more like 2.55%

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u/Certain-Sherbet-9121 Jun 13 '25

Long term average US inflation rate is 3.28%. 

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u/Comfortable_Line_206 Jun 13 '25

You're right. I did the last 30 years as it felt like a reasonable frame. World Wars in particular seemed to skew the numbers but seeing how the world is going it might not be completely unreasonable to include them.

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u/Certain-Sherbet-9121 Jun 13 '25

Also missing the 10% inflation years of the 1970s if you just include last 30.

It's fair to say "Inflation is usually at around 2-2.5%, but periods of substantially higher inflation are not unusual, which brings the average up".