Quote:
Originally Posted by GoRedSox!
Inflation doesn't go away overnight, but has come down significantly. Another factor which goes the other way is that bank savings are getting interest for the first time in a decade or more. The best I could do at local banks a few years ago even for a CD was 2/10's of 1%. It was truly pocket change. Now, cash get 5.5%. And I know Social Security is often referred to as "fixed income," but it did receive inflationary COLA's of 17% over the past 3 years.
I don't think that The Villages has any expectation of pandemic level buying to continue indefinitely. It was not a normal real estate market. If this market is normalizing, it's not a bad thing.
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Inflation rates can drop, but the lower rate is still based on the much higher prices from the massive inflation we had for 2 years...
Inflation can drop to zero, but we're still stuck with significantly higher prices...