By Bellingham Bill
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follow Bellingham Bill 2016 Aug 27, 11:06am
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Housing naturally doubles in value by the quarter.
what's curious is that the only period of high-inflation we had -- the 1970s -- housing inflation was repressed, since renters were strapped by higher food and energy costs, leaving less surplus for the landlord to extort.
Bellingham Bill says
the only period of high-inflation we had -- the 1970s -- housing inflation was repressed,
Credit cards were rarely employed by working people and balances were a fraction of what they are today.