Secular inflation is here

Just curious why is CA not in the list? Is it because of rental cap or ppl really can afford to rent (we always talk about expense ignoring the amount of money ppl make in CA) but not able to buy home (not the whole CA but RBA, coastal parts)

.

Fed has to kill the rent too, otherwise what is the point of killing the house price? I am wondering how Fed can do that.

Yes Fed cannot do that. All they can do is raise rates and sell bonds. Both will raise mortgage rate which will indirectly lower the price. However price drop is not expected to be proportional to the rate rise meaning the rents need to rise to fill the gap. So unless prices fall more than interest rate increase, rents will not fall. So we are talking about 60% price decline before rents start to fall. Doubt that will happen.

A new macroeconomic era is emerging. What will it look like?

https://archive.ph/CC9ui

2 Likes

Liberals talk too much, do little :upside_down_face:

3 Likes

How did you come to that conclusion from the data above? CA grew productivity by 4.2%, WA by 6.4%, while TX only 0.7%?

FL productivity actually went down. LOL.

Shipping cost.

I think he’s trolling. If he is a true hater, would have invested in oil companies not Apple born out of liberal place! :smile:

Gas has gone back up. We were under $5.

Wow ,92 and at shell.

:moneybag:

In response, Valero’s Vice President State Government Affairs, Scott N. Folwarkow, denied any allegations of “price conspiracies” among oil refineries, pointing to a federal judge having thrown out another case finding no basis for them.

Folwarkow blamed low inventories on post-COVID’s growing demand and limited supply. He said the higher prices in California than in the rest of the U.S. had to do with the state being the “most expensive operative environment in the country and (being) a very hostile regulatory environment for refining.”

“California policy markers have knowingly adopted policies with the expressed intent of eliminating the refinery sector,” he said. “California requires refiners to pay very high carbon cap and trade fees and burdened gasoline with cost of the law carbon fuel standards.”
He argued that the state’s policies have made it difficult to increase refining capacity and have prevented supply projects to lower operating costs of refineries.

1 Like

Californians wish they only pay that much.

(Picked random shell station for fun :joy:).

That’s pretty far out in the sticks. Woodinville thinks it is Napa. Has anyone outside of Woodinville tried their wine? I went to the closest on my way to get in the highway to hockey. Chevron is worse! Arco isn’t too bad.

1 Like

@Roy321 Sorry, it’s 15%.

1 Like

During Pandemic, many renters did not pay 12 or more months to landlord, no question can be asked…etc, that started with Trump and was removed (Biden did not extend that rule) recently.

The high rates are due to that. If a tenant did not pay $2500/month, do you think he/she will have $30000 at the end of the year.

Many landlords (big or small) suffered and continue to suffer after that rule ended !

Still actual mass lay off did not start yet. They will start from this month (oct results) onwards next 6-9 months.

1 Like