[intergalplan]

The notion that people making $350K are having a particularly rough time is nuts.

As for inflation, it's threatening to price people under your $150k/yr cut-off for "hardship" out of decent housing even in mediocre cities, ever, and may eventually hurt creditors some (which, I mean, that's a fine outcome according to most people, I'd think). Those with $150k+ salaries had damn well better have some assets to their name, including maybe a (mortgaged) house, and so will ride the inflationary wave alright. Those with little or nothing, on the other hand, may now never be able to afford anything. Young workers just starting out, who have high-ish income but only because they live in a place with insane housing prices, are getting screwed, too, sure, but established professionals will be fine, unless they've somehow managed not to acquire assets over the years.

Pity the normal couple with $60,000/yr household income. Believe it or not, they raise kids on that income. Go figure.

I wouldn't trade places with someone getting by on unemployment for their $12/hr job they were laid off from, certainly. I don't think they're "looting". We're clearly top-heavy on capital, given how the markets are behaving, so I think I've got a better idea of where the looting's happening.

[emouryto]

So you're saying that it's the high earning savers that are screwed but professionals that took a mortgage will ride the inflationary wave. Got it. Everybody most be over-leveraged for the system to work.