
09-14-2022, 07:37 AM
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Veteran member
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Join Date: Aug 2021
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Quote:
Originally Posted by CoachKandSportsguy
With oil declining from peak, there will be less inflation pressure on goods, however, labor inflation lags goods / rent inflation and now we are seeing the effects of labor inflation, and the only way to reduce labor inflation is to reduce job growth, which when due to a pandemic and those in their 60's retiring early, results in a labor shortage, means that the Fed may have to follow the Volker formula, and many are betting that won't happen. . .
Just remember that your house is NOT an investment. there is no revenue generated by it and there are only expenses associated with it. a car is also not an investment, just future junk. And in the villages, houses can come close to future junk with no wills/trusts, etc
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Houses do produce income. Remember some of us have own rental properties. All part of the retirement income portfolio.
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