The Biggest Financial Bubble Is About to Burst: Prices For Many Kinds Of Goods And Services Have Suddenly Begun To Rise, Rents Hit Record Highs As Homeownership Plunges To 18 Year Lows

Tuesday, July 30, 2013
By Paul Martin
July 30th, 2013

Fewer people who own homes, more people who are wage slaves living paycheck to paycheck earning to live in ever increasingly expensive rental units. Income is down but rent is up. People need a place to live.

I just sent out 5% rent increases to all my tenants and they are still below market rents. Home prices in the SF Bay area have increased 30% year over year. Property taxes go up 2%/ year. Gas & grocery – you know the story there. Even my dog groomer raised her prices 5%. There is no where prices have not increased at least 5%, unless you count buying ground chuck instead of ribeye steaks or water instead of milk… – jo plummer

Inflation is rotten to the core

Commentary: Regardless of what Fed says, prices are rising

How about giving us three cheers if you really believe that inflation has been vanquished? I can’t hear you!

These days, prices for many kinds of goods and services have suddenly begun to rise. Some are obvious, some are not.

Among the more visible items riding the up-elevator are prices of food, energy and health care. However, there are many others for which the price increases are less visible but are pinching your pocketbook just the same.

The Rest…HERE

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