More Signs of Economic Deflation: Joe Biden’s CDC Debt Moratorium extension, One day the Socialists will come to destroy your business and cease your private property – August 13, 2021,

Real estate investing is a business, I know for some people it’s a side hustle, but for myself, I’ve never liked the idea of going into debt to buy real estate. Don’t get me wrong, I don’t mind being a partner while someone else does all the leg work, but for someone like me, there are too many regulations in real estate.

As cover Joe Biden is using the CDC to wipe his hands clean from the economic disasters he’s causing, but if real estate investors start defaulting on their loans, Joe Biden has a serious problem on his hands, because buyers are going to price down foreclosures potentially for as long as Joe Biden is president.

If Joe Biden is successful with using the CDC as a reason why renters do not have to pay rent, the cost of housing might crash not necessarily because there are no suitable buyers but because the banks might be reluctant to lend.

Furthermore, if real estate investors collectively begin defaulting on their mortgage debt obligations, things could get really ugly for Biden, because you have to remember that when the economy deflates, the government usually doesn’t stop spending.

The reason why a lot of people are against a minimum wage is that when the economy crashes, all prices need to be reset. The reason FDR extended the great depression was primarily because of the minimum wage law, during that era, money was backed by gold, but during a deflationary economic cycle, what’s really happening is that economy is resetting PRICES.

When the government intervenes it’s harder for price discovering because now a business person has to price in the ADDITIONAL cost of government As an example if the housing market crashes, the banks might be reluctant to lend in fears of another pandemic and how it’s new boss the CDC might respond.

Interesting times ahead!