Inflation is not a bug of fiat money, it's a feature. It's known and ON PURPOSE.
It's not incompetence or unintended consequences. It's purposeful and planned destruction.
Remember the Tower of Babel? The globalists wanted to establish one world under their symbol of the tower reaching to heaven. God said no and created the nation states. The globalist are back at it. Trying to destroy the nation states in order to establish their tower of Babel, again. I believe this is one of the meanings of "it's Biblical".
There are beautiful small towns in rural Texas where the towns are poor and struggling, but you can buy a house for virtually nothing. With Starlink Internet and work from home, you can live anywhere these days.
1988 price of silver varies from $3.50 - $5.50, so call it $4.50 for the year. $150,000 = 33,333 oz silver.
2024 price of silver $26.03, so $707,000 would be about 27,192 oz silver.
I believe gold, and especially silver are being held down. But even with that happening, if silver still held its rightful place at 16:1 with gold, silver would be 2250/16=$140/oz or just 5050 oz silver for the $707000 house.
1988 was a housing crash year almost as severe as 2008. Anybody who actually cares about true statistics will acknowledge that housing prices over the years always settle at 4% annual appreciation. Some factors will make for changes in this such as economic areas where the income has escalated, or the expansion of the job market has improved for that location. People also never acknowledge that today's home construction is what was considered to be only luxury homes of the past.
I am a concrete contractor. We do about 60 or 70% residential construction. The houses in one of my subs 3 years ago were 350 to 400k. They now start at 800k and go to over a million. These are homes with real wood trim, big entry ways with expensive oak doors, transoms and sidelights and 3 car garages on 1/4 acre lots and a lot of walkout basements. Much brick. About 2200 to 2600 SF. When the basement is finished out pushing 3500 SF. These are most usually sold to established two income professional families.
Another sub is in a more rural setting and made up of what is usually called starter homes. Two or 3 years ago these went for about 170k. They are mostly sub 2000 SF with an unfinished basement, 2 car garage and the cheap faux wood trim and metal doors. All vinyl, no brick. Maybe some cultured stone 3 feet up on the front. These run near 400k.
Yes the housing market is out of whack.
I built my 4000 SF house with walkout basement, polebarn, inground pool, water feature, 1000 SF wood deck over a 1000 SF patio on 60 acres of pasture/farm fields/woods/pond with 3 out buildings for the wifes animals in 1991 and paid around 400k ( I did do all the concrete work myself saving 100k anyway). The land my house sits on would cost double that today easy.
We bought a house in Greece a few years ago for 350k. With nice sea few, olive trees, lemon and fig tree. Can walk down to the beach in 7 minutes. Got a swimming pool, and i can live here for 700 USD/month.
Nice climate, no winter.
Where I come from, I would be on social security, if I had stayed there. We can always makes choices.
Like 8-10 years ago I wanted to start saving up for a home. Figured down payment plus closing fees I needed $20k that number has been climbing stratospherically. Today that amount for an average house is $100k
I have been saving steadily and not gotten closer to being able to afford a house for almost ten years
Inflation is not a bug of fiat money, it's a feature. It's known and ON PURPOSE.
It's not incompetence or unintended consequences. It's purposeful and planned destruction.
Remember the Tower of Babel? The globalists wanted to establish one world under their symbol of the tower reaching to heaven. God said no and created the nation states. The globalist are back at it. Trying to destroy the nation states in order to establish their tower of Babel, again. I believe this is one of the meanings of "it's Biblical".
Housing costs are still pretty reasonable here in oklahoma.
Your welcome to move here,if your not a commie.
There are beautiful small towns in rural Texas where the towns are poor and struggling, but you can buy a house for virtually nothing. With Starlink Internet and work from home, you can live anywhere these days.
No commies allowed.
Also retired people,could sell their million doller home in a commie shithole,and live like kings......
We have plenty of these rural areas in oklhoma.
1988 price of silver varies from $3.50 - $5.50, so call it $4.50 for the year. $150,000 = 33,333 oz silver.
2024 price of silver $26.03, so $707,000 would be about 27,192 oz silver.
I believe gold, and especially silver are being held down. But even with that happening, if silver still held its rightful place at 16:1 with gold, silver would be 2250/16=$140/oz or just 5050 oz silver for the $707000 house.
Bought mine in 2020 for 100k. 600k to get onto this neighborhood now
This likely means that 300% of the inflation likely took place the past four years.
1988 was a housing crash year almost as severe as 2008. Anybody who actually cares about true statistics will acknowledge that housing prices over the years always settle at 4% annual appreciation. Some factors will make for changes in this such as economic areas where the income has escalated, or the expansion of the job market has improved for that location. People also never acknowledge that today's home construction is what was considered to be only luxury homes of the past.
I am a concrete contractor. We do about 60 or 70% residential construction. The houses in one of my subs 3 years ago were 350 to 400k. They now start at 800k and go to over a million. These are homes with real wood trim, big entry ways with expensive oak doors, transoms and sidelights and 3 car garages on 1/4 acre lots and a lot of walkout basements. Much brick. About 2200 to 2600 SF. When the basement is finished out pushing 3500 SF. These are most usually sold to established two income professional families.
Another sub is in a more rural setting and made up of what is usually called starter homes. Two or 3 years ago these went for about 170k. They are mostly sub 2000 SF with an unfinished basement, 2 car garage and the cheap faux wood trim and metal doors. All vinyl, no brick. Maybe some cultured stone 3 feet up on the front. These run near 400k.
Yes the housing market is out of whack.
I built my 4000 SF house with walkout basement, polebarn, inground pool, water feature, 1000 SF wood deck over a 1000 SF patio on 60 acres of pasture/farm fields/woods/pond with 3 out buildings for the wifes animals in 1991 and paid around 400k ( I did do all the concrete work myself saving 100k anyway). The land my house sits on would cost double that today easy.
We bought a house in Greece a few years ago for 350k. With nice sea few, olive trees, lemon and fig tree. Can walk down to the beach in 7 minutes. Got a swimming pool, and i can live here for 700 USD/month. Nice climate, no winter. Where I come from, I would be on social security, if I had stayed there. We can always makes choices.
Like 8-10 years ago I wanted to start saving up for a home. Figured down payment plus closing fees I needed $20k that number has been climbing stratospherically. Today that amount for an average house is $100k
I have been saving steadily and not gotten closer to being able to afford a house for almost ten years