Zman Market Timing Message Board

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Strategies & Market Trends : Zman Market Timing

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To: da_cheif™ who wrote (15602)	5/15/2018 11:58:05 PM
From: Kirk ©	Read Replies (1) of 15903

All quality assets that benefit from high inflation did really well despite the noise we get that inflation was low. anywhere there are plentiful "new economy jobs" we've seen Housing prices here have gone through the roof... min wages go from $7.25 to $13.50 to $15 per hour in the past two years. A car wash here went from $12 to $25 in just the past 3 years. Then these great inflation hedges... Vanguard's REIT fund and the S&P500.... REITs have been lame the past year as people worry about 3% and forget owners can raise rents where you can't raise rates on bonds after issued unless they are TIPS. You said .the noze bleeds that are coming and in some respects now underway will be frightening Whatz frightening is I went to an open house of a 5,600 sq ft home they want $5.9M for that is on a busy, crummy street I drive on several times a day on less than 10,000 sq ft lot with HALF THE HOME under ground to save on land costs! redfin.com No offers yet so it is clearly over priced but to think the property taxes on the sucker would be over $60K a year AND without being able to deduct CA taxes... you'd have to make $120K a year just to pay the frigging property tax! You've probably seen similar or higher inflation in classic cars you can't make any more or oil paintings by the masters too. Anyway, inflation has soared... the boyz just say otherwise for their own reasons... HRC voters for the most part haven't figured it out and those that have might vote for the two term guy this time around.

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