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Post by luapnor on May 22, 2024 6:40:43 GMT -5
When you defend how the inflation numbers are computed.... Tell the person trying to buy a home that home prices are not included in inflation. Rent is locked in and lagging, yet that is somehow a suitable replacement. Inflation is worse than it was in the late 70's. If you think it isnt, you really didnt pay attention. I did pay attention. Interest rates were through the ceiling. Gas was in short supply. My customers couldn't pay their bills, but somehow everything returned to normal over time. Putting my Miami house on the market soon and it will probably sell in one to two days at over 11X what it cost us in '86. Life is good. Normal? We have been living off debt and printed money. You cheer the house price because you, like most typical boomers, are at the end of your game and give few fucks for the next generations that have to live with the financial destruction you created. Congratulations.
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Post by cadman on May 22, 2024 7:34:42 GMT -5
When you defend how the inflation numbers are computed.... Tell the person trying to buy a home that home prices are not included in inflation. Rent is locked in and lagging, yet that is somehow a suitable replacement. Inflation is worse than it was in the late 70's. If you think it isnt, you really didnt pay attention. I did pay attention. Interest rates were through the ceiling. Gas was in short supply. My customers couldn't pay their bills, but somehow everything returned to normal over time. Putting my Miami house on the market soon and it will probably sell in one to two days at over 11X what it cost us in '86. Life is good. interest rates hit a high of 20% in 1980. I worked at a gas station during the 73-74 embargo. I remember the even / odd tag days.
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