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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: John Vosilla who wrote (56207)3/19/2006 8:15:26 PM
From: mishedlo  Read Replies (3) of 110194
 
All I know is my costs of living are up easily 50% in four years.

Please be serious.
That is absurd.

In my case, food prices have probably gone down (increased competition), I have owned a home and my payment has fluctuated but it is about where it was 4 years ago, we found a better agent and out home owners insurance actually dropped, this is unusual and only relevant to us but we filed a tax protest and actually lowered our property taxes. OK so gasoline prices are higher but the price of the Hundai Elantra we bought (new last year) was probably cheaper than anything of comparable quality 4 years ago.

In short we probably have had close to 0% inflation. Strip away the property tax protest and it is indeed positive, perhaps by a few % a year.

I do not believe anyone that says living expenses are up 50% in 4 years. Prove it, and start with your mortgage or rent.

Mish
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