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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Mike Johnston who wrote (36243)	7/26/2005 3:20:12 AM
From: mishedlo	Read Replies (1) \| Respond to of 306849

inability to pass on price increases What does that say to you? Mish

To: Mike Johnston who wrote (36243)	7/26/2005 11:46:27 AM
From: deeno	Read Replies (1) \| Respond to of 306849

ot "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." 1. you dont know the pizza business well enough to have any idea what "costs" are up or down. 2. whether the guy/gal makes any money on a pizza is irrelavent. The question is how much does the store make. How much is a beer? coke? you want fries with that? 3.They maybe making a better living now then 3 years ago cause everyones got a job and no one has time to cook anymore. "$11.00 bucks for a pizza, cant afford to eat at home for that price" "BTW give me a couple of beers and a ceaser salad" "whoops the kids just walked in make that 2 pizzas and add some cokes." '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' You maybe right and they are BK tommarow, but my guess is they are doing just fine and thinking of opening up that second shop in the new development down the road ;^D "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 ?" and this would be helpful in what way? Selling pizza's? "Maybe he's so busy running the shop, he believes current propaganda that those price increases are temporary " or he/she knows what they are doing and you should just let him be taking home that 250k per year.