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- Apr 22, 2015
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How do you stop spending money on gas or food?Inflation is hurting people but its not going to make them default on their homes, unless they use their jobs. The first logical thing they will do is stop spending money on gas which is the thing that's increased the most.... but demand destruction for gas hasn't even happened yet.
Let's say you own a suv and a lot of people do along with trucks. How do you sell them when the price of fuel is so high?
Not going to the office or not traveling for vacations leads to what? Service areas of the economy will see a decline in customers. That leads to what? More job losses.
Think about what working from home is doing to restaurants. No lunches right?
Like I said, it's all a domino affect. This all plays a role in housing. But don't worry they're building apartments everywhere.