Posted on 05/19/2021 8:09:06 AM PDT by SeekAndFind
Pay higher wages and learn to code.
The only people who like inflation are those who are holding a huge amount of debt. Let me think. Who’s holding the biggest debt in human history by a large margin...
The Government Class is inflating their way out of their unimaginably massive debt. They don’t care what problems that creates for the people. This is a government of the government, by the government and for the government. Their problems, their fortunes and their bullshit is all that matters to them. The people are nothing but useful slaves to them, that is, as long as they don’t get uppity.
As long as the dollar remains backed by the full faith and credit of the United States Marine Corps, Treasuries will have buyers and the Fed can keep the game going.
Apartment rent already is too high. Imagine how much higher.
And the prices of mobile/manufactured homes jumped, right along with the prices of other homes.
It's all going according to plan: Dems will call for even more subsidized housing, even higher taxes, more monthly "livable income" payments...
Schiff is a perma-bear and has been wrong about every major prediction he has made for the past 10 years, but I am sure that now he is right, LOL.
So inflation is not happening? Should I ignore my lying eyes?
(May 12, 2021) Year-to-Year April 2021 Consumer Price Inflation (CPI-U) surged by 4.16%, its strongest reading since September 2008, up from 2.62% in March 2021 (BLS). Headline CPI-U monthly inflation gained an adjusted 0.77% in April, against a consensus expectation of about 0.2%, having gained 0.62% in March, with annual inflation jumping to a 13-year high of 4.16% in April 2021, versus 2.62% year-to-year inflation in March. That inflation pickup reflected more than just surging Gasoline prices, where seasonally adjusted “Core” inflation jumped by a 39-year-high monthly gain of 0.92%, up from 0.34% in March. “Energy” declined by 0.10% (-0.10%) in April, having gained 5.00% in March, with “Food” up by 0.37% in April, having gained 0.11% in March.The "ShadowStats Alternate CPI-U" numbers above are generally consistent with the chart you provided.Year-to-Year April 2021 ShadowStats Alternate CPI (1980 Base) Inflation jumped to a thirteen-year high of 12.1%, up from 10.4% in March 2021, 9.4% in February 2021 and against 9.1% in January 2021.
The ShadowStats Alternate CPI-U estimate restates current headline inflation so as to reverse the government’s inflation-reducing gimmicks of the last four decades, which were designed specifically to reduce/ understate annual Cost of Living Adjustments. Related graphs and methodology are available to all on the updated ALTERNATE DATA tab above. Subscriber-only data downloads and an Inflation Calculator are available there, with extended details in No. 1460.
yes home prices have jumped, and apt rents have too. I was speaking on the rents, my senior mobile home park lot rent is tied to the CPI. not sure how high the new rent will go in Oct.
Would love to have Freepers invest in my renovation deals (”fix ‘n’ flips”). I pay 10% per annum, and it’s secured by the property itself. My investors get paid before I make a dime. The more investors I have, the more deals I can do. Better than the stock market, in my opinion.
“So what do rich FReepers counsel us to do?”
i’m trying to figure that out right now ... the thing to do is to move out of cash, but the question is then into what?
I’m looking at ETFs for building materials, agricultural materials and base metals ...
Recently, I was looking into parks myself, thinking they’d be more affordable. Still thinking about that option.
Hope your rent isn’t increased too much, if at all.
I do this but the issue was investing in an inflationary environment.
Matthew 25:14-30
My lot rent is over 1k, I am sure it will go up to over 1100 plus water, gas, elect sewer, garbage 1200plus..
Wow, that’s really high. Around here, lot rent runs about $500-$600, and I thought that was high. Those aren’t retirement communities, though.
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