
The Future of Real Estate Investing
The WealthAbility Show with Tom Wheelwright, CPA
Is the Official Inflation Rate a Scam?
The official inflation rate, judged by the consumer price index, is a total scam. The government has a huge incentive for telling us the inflation rate is lower than it really is. If you borrow to day on a 30 or fixed rate mortgage at around 5 and a half %, you're literally getting paid two point five % to borrow money. That's a miracle. But let's look at the real rate of inflation. I say it's about 15 per centi you do agreed? Tomi. Think you're about right. It depends. i mean, if i look at food inflation over the last two years, i'd say it's closer to forty%. A but i think over
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