>In economics, inflation (or less frequently, price inflation) is a general rise in the price level of an economy over a period of time. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation reflects a reduction in the purchasing power per unit of money – a loss of real value in the medium of exchange and unit of account within the economy.
Eventually everyone will make six figures and a loaf of bread will be $16 but housing will be rationally priced again with starter homes at $500k.
Beyond everything else, this is just mathematically absurd.
There isn't anyone poor getting rich off unemployment. It's not the reason for the housing boom.
Sure - that is not the reason house prices in Marin are up 30%.
That's probably got more to do with central banks pushing up equities >30%. And probably because when you cut mortgage interest rates by 1 percentage point (which they did), you can afford ~15% more house.
In real terms - monthly payments for new housing purchases are down.
This is even more true for Detroit.
But the reality is no one is buying the discount properties that need major work. They're in run down neighborhoods with vacancies everywhere and sit on the market for months. They're almost unsellable - many are held onto with the hope that a neighborhood will get gentrified. Cities like Detroit and Cleveland see Pittsburgh's resurgence and think that will happen there. But for every expensive Pittsburgh neighborhood there's a Clairton and McKeesport.
Pretty discouraging to me, I feel like a sap that I kept working. Why do they get twice as much assistance when my wife doesn’t work because we decided to have her be a stay at home mom?
The obvious answer to your last question is not that your sister and BIL should not get assistance, but that your wife should also get more assistance. We don't do enough to support people across the country. 2020 showed some rare aid to people in a reasonable fashion (at least for a couple of months). We can do more of that.
We have fiat currency after all, let's take advantage of it!