Progressive Politics

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Welcome to Progressive Politics! A place for news updates and political discussion from a left perspective. Conservatives and centrists are welcome just try and keep it civil :)

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TokenBoomer@lemmy.world

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Do you agree with this? (lemmy.zip)

submitted 4 days ago by favoredponcho@lemmy.zip to c/progressivepolitics@lemmy.world

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[–] krisevol@lemmus.org 0 points 3 days ago (1 children)

You do realize "take a massive hit while off-loading" is exactly what would happen. The money didn't exist, and realizing it will basically pop the bubble. Nothing is value would be extracted for the average person, and the end result is everyone loses there 401k and pension during the collapse.

[–] Leviathan@lemmy.world 1 points 3 days ago (1 children)

So if they have a bunch of properties and have to sell them at a massive loss, you think homebuyers wouldn't snatch them up and be much better off?

[–] krisevol@lemmus.org 1 points 3 days ago

The ones that get them would. But those numbers would be nothing in the big picture.