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The food inflation crisis in the developing world has been front-page news. But spiraling food prices are much of a developed world problem, too.
The highest inflation in 50 years has forced them to change their shopping and eating habits—including cutting back on how much they tuck away at meals.
Call it “dietflation”.
I wish my mortgage was 5% of my income 😂
If these figures are accurate and I am reading the chart correctly, housing prices went from about 2.7x annual income to about 6.4x annual income. I feel like artificially low rates have had the effect of inflating house prices along with builders building houses that are too big and with too many features. Very few 3 bed, 1 bath houses without large garages. People who wanted these houses are forced to buy bigger houses because that's about all that's available.
Well according to this chart, the percent of your paycheck going to the mortgage is better than it was in '81 and not that much worse than '90.
Also you don't have to buy a $500k house. You choose to do so.
Also you don’t have to buy a $500k house. You choose to do so.
What if there’s nothing else available? As is the case in pretty much every metro area… everywhere.
There's always something available but people aren't willing to commute. Or move.
I’m not too keen on moving out two hours from where I work, no.
The only thing that's worth more than your money is your time.