Watching commercial television these days comes with constant hawking of pharmaceuticals, fast food, insurance and, increasingly, home sales to or through online vendors.
It’s hard not to question the growing number of real estate ads centering on panicked home mortgagees (most folks don’t hold clear title to their residence) racing to buy a bigger house. In truth, how many homeowners can really afford to move up in a recessionary economy that’s artificially inflating real estate values? Why are corporate property peddlers pitching rushed sales in a market beset by rising interest rates due to the devalued dollar that’s shrinking real wages? Throw in the inflation strangled stock market where 401(K)s and retirement plans have lost $4 Trillion in value as of October 18, 2022, and it’s dubious why homeowners are being pressured to upgrade when their savings are being slashed by pernicious economic policies.