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This is just bizzare. Government is claiming inflation is only 1.2% year over year and 10-year treasury rate is 0.9% but there is massive, massive hyper-inflation.
The price of commodities is skyrocketing and it is very widespread across metals, lumber and many agricultural products.
The housing prices have skyrocketed so much that is entertainment just to look at different cities and the prices of a home.
Tiny homes in places like Denver, Salt Lake City, Boise going for 500,000 dollars or more. A small house in Central Boulder is over a million dollars.
Many minimum wages are skyrocketing across America, many employer health care costs are skyrocketing also.
It does seem strange, just thinking about my grocery bills lately - I swear food has spiked 20-30% in the last year.
I go to the grocery store closest to me now because it's a low volume store. It is also a large chain grocer.
I used to shop around more.
The grocery store I go to used to have lots of markdowns, far more items on special and the sales prices were far better in my opinion compared to currently.
I also notice how in general sales prices were all one brand, now many times they are just one flavor of a brand.
Produce has especially gone up and the quality has gone down. I have noticed far more avacados are ripe and tomatos are softer which sometimes I wonder if the transport prices have increased because of scarcity of transport labor.
This is just bizzare. Government is claiming inflation is only 1.2% year over year and 10-year treasury rate is 0.9% but there is massive, massive hyper-inflation.
The price of commodities is skyrocketing and it is very widespread across metals, lumber and many agricultural products.
The housing prices have skyrocketed so much that is entertainment just to look at different cities and the prices of a home.
Tiny homes in places like Denver, Salt Lake City, Boise going for 500,000 dollars or more. A small house in Central Boulder is over a million dollars.
Many minimum wages are skyrocketing across America, many employer health care costs are skyrocketing also.
We're not even in the ballpark of being in a hyperinflation situation. The Fed defines hyperinflation as when the price of goods and services goes up 50% in 1 month. We may be in a galloping inflation situation, which is defined as a 10% increase per year. Money is devalued when its printed with no basis. The stimulus checks being distributed has devalued the dollar and inflation simply spreads that pain over all users of the currency. There is no free lunch. Without a corresponding increase in revenue (taxes), handing out free money, whether it be via stimulus checks, student loan forgiveness, etc., will be paid for via inflation. Remember that when voting for candidates who want to throw money at every issue.
The increase in food costs has been predicted for several years, and is due to ridiculous laws/regulations that were put in place during the Obama Admin. No surprise there. Where you getting your info on house prices? Completely wrong. There have not been enough home sales this year to compare to prior years, and the few houses that have sold in many areas tend to be very large and expensive houses, which only makes it look like prices are going up.
The increase in food costs has been predicted for several years, and is due to ridiculous laws/regulations that were put in place during the Obama Admin. No surprise there. Where you getting your info on house prices? Completely wrong. There have not been enough home sales this year to compare to prior years, and the few houses that have sold in many areas tend to be very large and expensive houses, which only makes it look like prices are going up.
Come buy a house in the Phoenix valley. Bring about $300,000 for a crappy run down house in a crappy run down part of Mesa.
I need to sell my house pretty soon and I’m pretty pleased with the recent appreciation, at the same time I feel like I should pull the trigger soon because there could be a major correction coming.
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