The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: John Vosilla who wrote (36240)	7/25/2005 11:16:00 PM
From: Mike Johnston	Read Replies (2) of 306849

Inflation appears to be contained and is not widespread which is also true. I think inflation does not appear to be widespread, because there are a lot of people that have no clue to what is going on around them. Let me explain. Every time i get a pizza from a local shop, i am amazed at the fact that the guy is still charging $11 a pie, while housing prices have tripled all around his shop. Not only that, but energy prices have doubled, taxes went up 20%, utility costs went up and input costs went up. I can guarantee you, the guy has took a major hit to his profit margin. Is he a fool ? Is he a masochist ? I have been tempted many times to ask him about it, but can you really have a conversation with a pizza parlor proprietor about central banking, bubbles and money supply ? Maybe he's so busy running the shop, he believes current propaganda that those price increases are temporary and he'll be ok taking a temporary hit to his margin.

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