I was looking at buying some farm equipment to reap the rewards of that higher food price, but it certainly hasn't fallen in value. Very much the opposite.
He has a point, though. On a developer salary, the basics like food and gas make up only a small portion of one's income. It may be an increasing portion, but still just a portion. The remainder can buy more, depending on what you want to buy.
Well, the entire market is cheaper, not just Meta stock.
Housing is cheaper if you have available cash, it it isn’t if you need to borrow. The reason it costs more to borrow is because cash is more valuable now.
Housing is one asset class that is dropping in price, but the increasing cost of borrowing is more than offsetting that decline.