If inflation is 3%, why do home buyers need to earn 80% more than they did in 2020 to afford a home in today’s market

https://finance.yahoo.com/news/homebuyers-need-to-earn-80-more-than-they-did-in-2020-to-afford-a-home-in-todays-market-090055980.html

They can redefine recession, change how and what CPI numbers measure, but they can’t redefine prices without actually putting more buying power into wallets. At the end of the day, manipulating reported numbers is just covering up for a problem that will get worse the longer it is swept under a rug instead of addressed in the open.

The HIGHER interest rates go
The HIGHER inflation will go

That's because the HIGHER interest rates go, the LARGER the DEFICIT.

The LARGER the DEFICIT the FASTER the currency printer go #BRRR

The FASTER the currency printer go #BRRR the FASTER inflation rises.

🚨 Debt Death… https://t.co/1k1mRnBJkw pic.twitter.com/Mxeh35GLof

— CJK (@CJKonstantinos) May 4, 2024