Inflation is here

[handloader]

Fuel prices translate into higher prices for everything else. The bleeding should slow in January, but it will take years of sanity for the wound to heal. Everyone with a mortgage that can float thru will be paying it back for 75c on the dollar after inflation settles. Everyone who saved cash will have 75c on the dollar. All property worth owning be it a hammer or a house will see increases rising with inflation. If the bleeding doesn't stop in January, we're definitely going to see a deep, long, worldwide depression. If you have never read Revelations, now would be a good time.

 

[Triptones]

Fuel prices translate into higher prices for everything else. The bleeding should slow in January, but it will take years of sanity for the wound to heal. Everyone with a mortgage that can float thru will be paying it back for 75c on the dollar after inflation settles. Everyone who saved cash will have 75c on the dollar. All property worth owning be it a hammer or a house will see increases rising with inflation. If the bleeding doesn't stop in January, we're definitely going to see a deep, long, worldwide depression. If you have never read Revelations, now would be a good time.

I was going to buy another house right before the pandemic pricing went through the roof. Looking at the $350K range the next thing I knew they were anywhere between $425K-$475K. Now a starter home is a 1340 sq ft. home for $275K-$350K.
I will wait it out. It will drop but I do believe it will never reset to where it was. I'm thinking for the same $350K house I was looking at will settle at $375K-400K I hope............

 

[CrzTyler]

I was going to buy another house right before the pandemic pricing went through the roof. Looking at the $350K range the next thing I knew they were anywhere between $425K-$475K. Now a starter home is a 1340 sq ft. home for $275K-$350K.
I will wait it out. It will drop but I do believe it will never reset to where it was. I'm thinking for the same $350K house I was looking at will settle at $325K-350K I hope............

yeah we bought our first home in a very nice rural area, 1390 sq ft for 185k in 2020? Its up to 286k currently, we're thinking about getting a travel trailer and a few acres living in the camper to sell the house and building a big barn to house the camper and our family with the proceeds.. start homesteading pretty much debt free from there.

 

[bigt61]

yeah we bought our first home in a very nice rural area, 1390 sq ft for 185k in 2020? Its up to 286k currently, we're thinking about getting a travel trailer and a few acres living in the camper to sell the house and building a big barn to house the camper and our family with the proceeds.. start homesteading pretty much debt free from there.

$100k isn’t enough. Land itself is expensive not to mention building materials

 

[greg vess]

It's getting ridiculous. Even the pudding I like went up 40 cents for a few serving tub. I have 04 GMC Sierra 1500 4×4. It takes 10 bucks just to get to a Walmart or a Kroger and it get great milage for a truck 17 mpg. They say that inflation is higher now than its been in 40 years. It's getting insane.

 

[CrzTyler]

100k is plenty, I’ve already designed the building with concrete which is 80k. That’s fully insulated and it’s a big ass building with plenty of windows doors etc. we also know the owners of the metal building company so may get a discount? An acre or two is still reasonable around here to get started. Other than that, we will do the rest ourselves, hvac, electrical, plumbing etc.
We may accumulate a little bit of debt maybe 20-30k but we could pay that off rather quick so wouldn’t bother us too much.

 

[Wolf six]

I agree about the friends, but I'm newer to the area and it's been slow going. Working on it, and this page has been the best way to meet like minded people.

I'm not sure I agree with you on the stocks thing. the depressions/recessions of the past have made many an "average man" very wealthy and able to keep up with inflation. If, at the start of covid, you pulled your money out you locked in a loss. If you realized it was (likely) a short term thing and continued to put money in, you would have much more than you started with.

I'm not thinking the US will completely collapse. The world is too connected for that to come to fruition. But I own shares of American companies, foreign companies, etc. I have skills that would work well in any industrialized nation or 3rd world hell hole. I don't want to be in the latter, but understand it may end up coming to us. Not all my eggs are in that basket. Some is in PMs, some is in lead, some is in property, etc.

My main concern is that the current climate of finance is fiat oil backed money v.s. dollars that were backed by precious metals. The next concern is the social trend of increased taxation, reperations, and socialism in general. The 2030 crash theory where boomers/gen x start drawing ss from the system is a large concern for me

 

[steviesterno]

My main concern is that the current climate of finance is fiat oil backed money v.s. dollars that were backed by precious metals. The next concern is the social trend of increased taxation, reperations, and socialism in general. The 2030 crash theory where boomers/gen x start drawing ss from the system is a large concern for me

and that's fair but I really think we're in a too-big-to-fail situation. My dad is older, leaning towards socialism, etc. If they touched his 401k he'd be shooting politicians in the street.

The frog will likely get boiled but the water is turning up slowly. How slowly? Anyone's guess but I'm going to hedge my bets as best I can.

currently politicians remember they have homes and kids that go to schools and places in the world they like to visit. If they go too hard too soon people may remind them where it is their power comes from...

 

[Wolf six]

The boomers gen x not paying into the system means the system collapses because they are the last generarion to have any real wealth or purchasing power

 

[Talos]

The boomers gen x not paying into the system means the system collapses because they are the last generarion to have any real wealth or purchasing power

If I could not pay into SS I would in a heartbeat.