Rising Costs of Home and Car Ownership

Inflation is impacting specific categories like auto insurance and home ownership, with car insurance prices surging by 22% and car repair prices by 12%. Buying a new house or car has become less affordable due to the high and rising costs. Various factors, such as high interest rates, property taxes, utilities, maintenance costs, and home insurance premiums surging by more than 10% in multiple states, contribute to this financial burden. The common perception of inflation being solely controlled by external parties like political leaders or corporations is challenged by these real-world price surges.