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If his $10k/year rent goes to $50k/year he probably won't want to live there anyway on account of the constant looting and rioting.
by harambae 6y ago
If his $10k/year rent goes to $50k/year he probably won't want to live there anyway on account of the constant looting and rioting.
- bluGill 6y agoOne would assume wages go up you compensate.
- harambae 6y agoIs that how it worked out in Venezuela recently with those levels of inflation?
- bluGill 6y agoThere is typically a lag between wages going up an inflation, and that lag will catch a lot of people, but in general it does work that way in the long run. The long run can be 10+ years though, which isn't good for the person caught in the cycle.