Fur_Fox_Sheikh@sh.itjust.workstoAsklemmy@lemmy.ml•Is it just me, or have the comments on Lemmy become extra aggressive over the past 3 months?
17·
8 months agoA really nice owl
Live, Laugh, Larp
A really nice owl
Deflation can be even more destructive than inflation. It would basically make all kinds of debt more expensive, to which real estate is particularly sensitive. There’s a chance that could force over leveraged property owners to sell, but with more expensove debt, there will be fewer buyers and it would tend to be those who can take on the higher risk (aka the already wealthy).
All that is to say, I don’t have a solution either (especiallly if high taxes on non-dwelling properties doesn’t seem to be making an impact), but deflation is almost never good…
If done instead of reducing current emissions, 100%. That said, there is a real need to invest in carbon capture technology now so that it can be more useful in the future. It’s a small part of the overall strategy to improve our climate future, but an important one as we get further along in the century and emissions already are reduced. So, yeah, if people hold up this technology and say “see, let’s keep drilling”, fuck that. But as long as it’s an “and” not an “or”, this is a good thing.