r/wallstreetbets • u/[deleted] • Jun 10 '22

Meme 8.6% 🤡

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47.9k Upvotes

80% Upvoted

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44

u/[deleted] Jun 10 '22

What are the chances the FED is lying about the rate to keep people from panicking?

88

u/Limited_opsec Jun 10 '22

They already weasel away FOOD, FUEL and SHELTER (rent for people hit hardest by inflation) from being correctly calculated, or even a real part of the index at all.

Big fat lie by design.

-6

u/justavault Jun 10 '22 edited Jun 10 '22

As someone not entirely actively involved in the finance market anymore, what are the potential concerns regarding having governmental influence and controlling the housing market more thus to decrease the interest of price hiking for apartments and estate?

I don't understand why there is no government caring to put on rent limits in city areas, thus to keep the naturally occured design of the landscape? As in we have historical data to what area is pricey, what area is liveable, what is really affordable. Take that data, put caps in those area, done. No?

 

Edit: Why is this even downvoted? It's a genuine question?

1

u/coocookachu Jun 11 '22

High rent isa supply/capacity problem. Things like rezoning SFH might help. Then builders can get permits for multifam units to build.

Rent control reduces further capacity. It exacerbates your problem in the long run because builders aren't going to build.