Wall Street Journal says Higher Inflation Is Here for Years
Economists surveyed have raised their expectations for inflation lasting through 2023, but not by much. Of course, their data didn’t include food and gasoline, two of the items that have seen the highest rate of inflation over the past year.
Some Folks Never Learn
After the diaspora cause by COVID-19, enough people are moving back to some cities to drive up rent prices. I can only assume they are moving for work as remote work polices end. Analysts say that rents are up 7.5 percent and should keep rising, “a warning sign that higher inflation could linger far longer than the White House and Federal Reserve keep predicting.”
After a recent renaissance in which cities where THE place to be, people are now fleeing large, urban areas and are desperate to buy rural property.
After my recent visit to help clean it out, our retreat went on the market. (For those of you who are new to the blog, a quick recap: Our retreat is an old family property that has not been well maintained but is in a good rural location. We no longer need a retreat as we moved to our permanent prepper property in 2020.)
One day after the listing, we had an offer, just below our asking price. The next day, we got a second offer at our asking price. By the third day, there was a bidding war, and we ended up settling at about 10 percent above the asking price. A nice premium!
Coordinating approval of the offers took some time because what I refer to as “our retreat” is owned by multiple parties and I am only one of three on the selling side. Ever try to coordinate something among three people? It’s not any easier when they are all related.
Continue reading “Crazy Real Estate Market Caused by People Fleeing Cities”
Hurricane Laura is bringing heavy rain to the Mid Atlantic sates while protesters are bringing spray paint, fireworks and violence to cities across the country.
The death toll for Hurricane Laura has climbed to 14 in the U.S. and more than 800,000 people are without power. Remnants of the storm headed north into Arkansas before heading east today, bringing heavy rains and wind across the Mid-Atlantic states and parts of the South.
The 12th named storm of the year, Laura came ashore earlier than any other L-named storm in history. Future storms are still possible and could target vulnerable sections of the Gulf or East Coast. Prep now, before it is too late.
Continue reading “August 29: Hurricanes, Riots and Guns, Oh My!”
The lockdown started five months ago and the rioting 10 weeks. The combination is ruining the quality of life in major cities.
I left New York City 28 years ago and moved to a series of smaller and smaller cities. Now we are leaving our home outside a small city and moving to the middle of nowhere.
We are not alone. It’s getting pretty bad in large American cities, but the U.S. media isn’t carrying the story. So here are a few examples for you:
Continue reading “It’s Getting Bad Out There”