The only way the current price structure can continue on without outright correction is if the dollars comprising those prices decline in value. If that’s the case, the cost of all services other than RE will increase while RE prices remain stable. Not only will our products be less competitive of a global scale, but the value of the assets purchased prior to the price distortion will decline at the same rate. We will, in effect, be forcing the people who had equity (in value) prior to the distortion to redistribute part of it to subsidize the people who would otherwise suffer a loss.
Correction of the wage/price distortion via inflation is not the “cure” that any non-FB should hope for. Let the people who contributed to the problem pay for it and please leave the rest of us out of it.
