[bequanna]

Every person in the US who has had their purchasing power destroyed over the past ~18 months.

Unfortunately, most people were/are too drunk on (maybe temporary) housing and stock market gains to care.

Cheap money, free money and rampant speculation could all have easily been cut off a year ago and we would have had a much “softer landing”. Now we’re in a much more precarious position and may end up fighting stagflation possibly causing years long general economic malaise.

…but hey, Zillow said my house is worth $XXX!!!

[Loughla]

I legitimately want my home value to tank. I'm sick of paying taxes on a 275k home value that will never, ever, ever sell for that much. I wish it could go back to 80-100k, regardless of whatever "equity" that costs me. I'm in my permanent home, not an investment property.

[colinmhayes]

> Every person in the US who has had their purchasing power destroyed over the past ~18 months.

The vast majority of people in the US have no idea what the fed is. Why would you trust their judgement?