Read Rat-Race Escape!
- Jun 24, 2021
This is a long term trend I think. Institutional money flowing into all areas of the housing market including single family dwellings. It will be harder for the average Joe to buy a home and the rents will essentially be pegged to inflation+expenses. Never a better time to leave the Rat Race, if only someone would write a book about it.Supply chain disruptions, the continuing impacts of the C0VlD-19 pandemic and rising gas prices have significantly raised the cost of living across the country. In South Florida, these new costs ar…www.themiamihurricane.com
Couple of takeaways... A) Your government is lying about real inflation numbers (gee, really?) especially when it housing and shelter is a human's biggest expense. A 58% increase in bread or milk, is not the same as a 58% increase for a roof over your head. and B) Looks like owning real estate with rental income has inflation protection.
New Zealand Plans to Spend NZ$1 Billion to Ease Inflation Pain
- Finance minister announces temporary stimulus in annual budget
- Treasury projects economic slowdown as borrowing costs bite
I know you talk about owning your home outright, owning some bonds and being clear of any debt ...but with this particular temperature of things have your thoughts shifted on anything?
Comrade, your government is now rationing ... tractor parts.So something very interesting and I don’t know if it belongs in the inflation thread but thought I would put it here as it is a government/supply chain issue.
So I farm in Saskatchewan(Canada) and one of our tractors is a John Deere. We were having some issues with engines alerts that didn’t makes sense and the emissions system. The dealership has figured it is the ECU (Engine Control Unit) sort of the electronic brain of the engine. So our dealer didn’t have one in stock so they ordered one (i assume directly from John Deere, but I didn’t actually ask.)from the US. It was supposed to be here today and I got a call from the service manager that it is held up at the border. According to him they are now required to show some sort of proof to US customs that there is an actual tractor that requires this part not an attempt at the dealership to hoard parts. This is unbelievable and a sign that we seem to be devolving into a 1980’s Soviet Union style economy. Very concerning.
PS There is also the possibility that the dealership made a mistake and is telling me a tale to justify why the part is late. But I don’t think that is the case.
Price for Chipotle bowl with double meat and guacamole!Ever notice whenever there are price changes for items you use, it is never at or near the stated inflation rate? But always double or triple?
Government: Inflation is 6%!
Me: Then why has X, Y, and Z gone up 18%?
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