Quote:
Originally Posted by rmay635703
Considering more $100,000 vehicles and multi million dollar 400sqft homes have sold now than ever before
(I expect not). Unless those being left out of the feeding frenzy need to save $$$
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What do you mean by "need to save $$$". On the one hand it's going to be near impossible to save with rents skyrocketing so much. Sure, you can now get $20 at McDonald's, in a town where it's hard to find a two bedroom for under $2,000. Fuel, cars, food and everything else has gone up too.
The point is that were being affected by inflation. And during times if inflation is a bad time to save money. I've seen houses go from $100,000 to well over $500,000 in a few years. How is saving going to help when what you're saving for just keeps going up in price.
People's only hope is to leave the middle class. Either make more money per hour so they can afford the prices of everything, or forget it and get help from the government.
Right now there's a huge need for workers. I know several business owners that say they just can't get people to work. But purple know there's no point in making up to $15 or even $20 an hour anymore. What's the point in making an amount of money that can't afford you rent for someone's closet to sleep in but is too much to get governmental help?
With that said, getting better fuel mileage could help a little. But it's in the bottom of the barrel right now. If you can afford a little tiny two bedroom for $3,000/month, you can afford $3.90/gal gasoline.