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The Inflation Environment Is as Ugly as It Gets
In real terms, in the last year since the pandemic, have become expedientially poorer in purchasing power terms. And for every one else, including people o us who own some assets, all those things have been inflating. A friend of mine whom i just saw yesterday, just can't find a place to stay because he's lived in austin for so long and his standards have probably gone up by like 50%. I'm sure they gets to a certain point whe like, oho, li happening, mister ye m liting. But the truth is, most people, we're nowhere near that stage here. The next cost, after soaring rent and medical expenses, will