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

To: GraceZ who wrote (42651)	10/5/2005 2:10:18 PM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

I guess from the prism of living a simple life, having bought your home when prices were inexpensive, refi at very low rates, not having too much house to maintain, makes added costs for certain items seem trivial. It doesn't seem like a big deal if you have built up a ton of equity from real estate and perhaps the spending power of this wealthy group keeps the economy afloat? I do see the inflation in many areas though besides the obvious real estate and energy which mush flow through eventually to the consumer as well as education, insurance, RE taxes and medical. Just was listening to a financial program and the host talked about how Rolling Stones tickets have more than doubled from their last concert seven years ago as have hotel prices in the large cities in just the past few years. He thinks inflation is rampant in entertainment and travel. Of course airline tickets and fast food are still cheap as is clothing and electronics from China and much of flyover country real estate<g>.