2 ms·
>> Rents are easily near $3k Presuming this is in SF? Remember rents are much lower elsewhere, as is buying. Things aren’t great now but due to external facto
by basisword 5y ago
>> Rents are easily near $3k
Presuming this is in SF? Remember rents are much lower elsewhere, as is buying.
Things aren’t great now but due to external factors like a 2-year global pandemic + an unexpected war. Economically things were much much worse during the Great Recession in 2009.
- lifeplusplus 5y agoInflation in 2009 was almost 0%. With Yuan becoming new petro dollar, Stagflation is more likely. Everything imported will cost more.
- basisword 5y agoInflation doesn’t matter much when you’re unemployed. Things may cost more now but at least most people have jobs and can buy the essentials (even if they have to make big compromises at times). That’s different to being out of work for years with no end in sight.