Stagflation, here we come.
Stagflation definition:
I’m buying less and less lumber because it’s so expensive, but it keeps going up in price.
bmp
I’m not so sure inflation will decline so quickly. The Fascist Leftwing US authorities are committed to destroying economic supply whether it be oil and gas, corporate after-tax profits or small business. However, demand may remain high with a record crop of Boomers enjoying retirement and Millennials entering a period of household formation. This will produce a ton of inflation.
I think when people are familiar with what a couple years of inflation will do to your savings, they often decide to spend it now before the cash loses more purchasing power. Of course, this actually fuels demand and inflation.
All I want to know after reading this mombo-jombo is ...
should I plan on building my new home in Florida later this year and take our a HELOC to do so?
Or wait a few more years and hope the price of materials drops like a rock?
The other factor is ... will I be around in a few more years? I have a lot more yesterdays then tomorrows.