Inflation: "This is not a drill"
8.5% and raising.
Primary cause of inflation:
"Too much money chasing too few goods."
(Watch closely as the FED dumps Assets in the next few months).
What are the Experts Saying?
The "Experts," over the last year, have been notoriously wrong...
In February 2022, Fortune told us that inflation likely peaked months ago.
In September 2021, S&P Global announced that “inflation readings likely peaked in the second quarter.” If only.
In July 2021, Reuters reported that “inflation has likely peaked.”
In June 2021, Business Insider consulted another expert who said: “inflation likely peaked in March.”
All just wishful (maybe political) thinking.
More inflation is on the way, and probably a recession in 2023.
Interest rates will continue to climb as the FED fiddles.
Consider the following:
What will happen to home prices over the next year?
Is this a housing bubble (The FED thinks it could be).
What do you think?
How are you preparing?
Have you built a contingency fund to get you through the lean times? (There will be lean times for many who sell real estate)
What are you telling your buyers and potential sellers?
Is this a good time to buy/sell?