• Uiop@lemmy.dbzer0.com
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    9 months ago

    Maybe I am growing insane, maybe I am not, for sure I am not the best person to explain this (/communicate my thoughts).

    “That’s the simple explanation”

    This does not cut it for me, I want to know what these processes truely entail.

    If you “own your home with no mortgage” Inflation does NOT do anything, since the worth and the money numbers are not the same. If you own a Housing complex in Brazil or Venezuela or whatever and suddenly the inflation jumps up 3’000% per month. Your assets arent suddenly the equivalent of an egg from Walmart. After the Shake-up has calmed down, you will ve able to raise the rent back up to a similar level as before and as such extract a similar worth from those poor Venezuelans.

    The money number may be entirely different, maybe even in another currency, but the worth should stay the same.