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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: ajtj99 who wrote (197199)4/21/2009 4:14:11 AM
From: energyplayRead Replies (2) of 306849
 
Food prices - I occasionally get offers from the high priced Omaha Steaks people. Each weeks offer seems lower than the last - I expect the price of cattle has dropped, and the Omaha corporate business has also dropped.

Another option is to put in a small garden. A small garden might only supply 2-3% of your food needs, but it can provide fresh items to work with very long storage items like sugar and wheat.

I think the chances we will get into a survival situation are low, but we could get to a place where food costs are almost the same as a mortgage payment, at least for a few months.

Like the oil and gasoline price spike in summer 2008.

For right now, food prices will keep droping until the market clears - farmers stop planting as much, or people start eating more.
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