Let's say the Q/Trump/White Hat plan comes to fruition, and that they will show us a beautiful new world and golden era for America after the swamp is drained, what do you think that future will look like for Americans?
Many of my loved ones are drowning in debt, whether it be student loans, CC debt due to emergencies, rent/mortgage and inflation, or medical bills.
My aunt and uncle in particular are very close to becoming homeless and they have a son who's in middle school still.
What will America look like in 10+ years for people like us, who used to be considered middle class but are doing very badly? Is there hope for life to improve? Is there hope of affordimg a home in the future, is my family destined to be debt slaves for the rest of their lives?
I'm grinding away to pay off my parents debt so that my mom can retire. I want her final years to be comfortable and not slaving away at work just to be able to make ends meet and afford to live. But whatever financial progress I make, I face a setback, like the IRS suddenly charging us $5k earlier in the year. I don't think I can take anymore.
Most of thee value increase you see is an artifact of real inflation. The mechanism is pretty easy. Fed prints trillions. It uses a good chunk of this money to buy the market. This includes Mortgage backed derivatives. What this means is that banks can make more risky loans, and package the loans into mortgage backed derivatives and sell it to the Fed.
More easy loans = more purchasers for houses = prices go up.
When the economy is fixed and all these loans get called, one way or another, there will be tons of foreclosures and of course the house prices will drop as a result and eventually come back up to its right value.
The only way for house value to organically increase (without any renovations that is) is if the area gets developed, more people move in and more real economic activity happens in that location.
There was a post a while ago that showed that the average property price in ounces of gold has not changed in 200 years.
Let me put it this way. Whatever marginal increase you would experience with double income, will not be able to offset the reduction in your quality of life due to two people grinding.