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IMO we are in an inflationary cycle that is being underreported. Everything is becoming more expensive including you. It’s just that housing is becoming expensi
by mmaunder 5y ago
IMO we are in an inflationary cycle that is being underreported. Everything is becoming more expensive including you. It’s just that housing is becoming expensive faster than you are.
The US has a strong incentive to inflate their way out of debt post Covid. But the optics are catastrophic if they do it overtly. So they’ll keep reporting it low as long as possible. Look around you for reality.
If I’m right, you’ll want to take on as much fixed rate low-interest debt as you can stomach. Which explains why housing is getting expensive faster than you are.
- MeinBlutIstBlau 5y agoIt still boggles my mind. I started working in 2009 when 7.25 became the defacto minimum wage. But since then, I've noticed that the cost of everything has almost doubled faster in just the past 2 years than it did in the preceding 10. It's almost as if limitless government stimulus and inflation is bad for the economy...