INFLATION IS NOT JUST 2-3%, REGARDLESS OF WHAT THE CPI SAYSNeed proof? How about the impending Latte Recession?
For years, Starbucks has claimed its perpetually growing chain of stores was resistant to blips in the U.S. economy. But this week it tempered that message, implying its customers might actually be cutting back on that extra FrappuccinoGet ready for more stories in the near future about FOODFLATION!
...taken a hit as consumers trim spending in the face of higher gasoline and food prices (remember, CPI doesn't include these, they're too "volatile")
How does this impact the local RE market? September is the next expected interest rate hike. Bond yields will rise, sending mortgage rates higher. Think you that we may get another central bank rate hike come December?
UPDATE: Thanks S2 for the links.
Your home may not be the investment you think it is
Best in the West yes, but best overall? Think again.