I was in a Nike store this weekend. I heard a part-time employee say:
Guy: "Man...I'm only here for 25 hours. That barely pays for gas. If gas gets any higher, it wont even be worth it to come in. I'll just quit."
Me: "People gonna flip shit if they can't get to work to pay their bills."
Guy: "Hell yea we are!"
People in the back nod.
I don't travel very far for work, so I never thought how hard inflation is hitting people who travel across town, let alone people who don't get much above minimum wage.
The powder keg leans forward a little further...stock up!
Developers, too. In the Austin area, many older properties were bought out, so that expensive condos and apartment units could be stood up. The price per square foot there is insane!
In addition to that, the whole Travis County way of doing business has spread out to surrounding counties, making the cost of living even higher.