I’m surprised more people haven’t noticed that when we left the lockdown in our rear view mirror, ALL OF THE JOBS NOW PAY 15 OR LESS PER HOUR.
All of the rents are leveling out as well, and car prices are also gathering at standard prices.
The going rate for shoveling snow in Mammoth CA, is currently at the rate of $50 an hour. A 30-day stint at 8 hours a day would rack up $12,000 before taxes. It’s a case study in supply versus demand, and furthermore, it’s slim pickings for anyone coming into the town with regards to housing, except for the more traditional options for out-of-towners, the pricey hotels, and motels that seasonal skiers stay in, when on the mountain.
Car prices are leveling out because demand is down supply is up but on the auction side prices are still high at least what the sellers want and repossessions have doubled. The car market is headed for a crash you just can’t see it yet on the public side. Too high risk buy here pay here type dealership chains have gone out of business already. More are to come.