>>512747222
>house price falling means no one can buy your shitty houses
Do you realize how absurd this sounds to someone who isn't part of your cult? How does things becoming cheaper make them less affordable?
>Hurr durr economics 101
I'm aware of that. My point is that economics cultists have a communication problem. What they are saying sounds like mental gymnastics to anyone who isn't already part of the cult.
>house price falling means no one can buy your shitty houses
This sounds utterly deranged to someone who isn't already part of the economics cult.
>why do you all keep memory hole-ing december 2021 when china's housing market took fucking 40% of China's GDP with it when it crashed.
These abstractions and metrics mean absolutely nothing any more. I've been to China. My GF is Chinese. It's doing fine and keeps getting better every year while the west is on the opposite trajectory. If your abstractions and metrics say China is failing and the west is booming, but reality on the ground says China is booming and the west is failing then you are using flawed abstractions and flawed metrics.
>>512748510
The problem is that inflation vs deflation is often a matter of perspective. What do we consider to be "money"? Just fiat currency? Do we count gold etc as money? What about Bitcoin etc? If we view houses as the primary form of money then the west is in hyper-deflation, and why shouldn't we view houses as the primary form of money if that's what everyone's wealth, purchasing power etc is most tightly coupled to?