Home Forums Hunting & Shooting Hunter's Campfire The Rate of Inflation?

Inflation, and real estate prices. Any of the good folks on the 'fire have a workin' crystal ball? Mine is still in the shop.

What do you think, are land, and housing values going to keep marching up?

Farm ground, at least around here, has been flat at best for the last few years.

They are selling a farm not so far from on auction. Except for a couple of years in the mid eighty's, land is never worth what it takes to buy it that day.

Places in the country are at a premium. In town, not so much.

Inflation doesn't change the value of property, it affects the value of currency.

As I have been telling people "the government says we have no inflation, it's just that the price of things keeps going up".

With twenty some trillion of debt, there is no way we are going to not have huge inflation at some point. The only way to get rid of that debt will be to inflate it away.


Jerry

It's always a laugh watching people who's misconceptions about economics were formed in the 70s and 80s attempt to navigate a low rate environment

The most likely case is inflation in the 1.5% to 2% range continuing for a long time, basically until the boomers die off. Periods of modest deflation are very possible.

Oh, and the debt doesn't in any way shape or form suggest inflation. Just look at Japan - they're basically a harbringer of what's to come for us economically since they had a pre-war baby boom while ours was post-war and they have about twice the debt we do measured by multiples of GDP. Their inflation has been zero since the mid 80s.

If you want a second, independent index of inflation, check out the MIT" billion prices project". just saying.

It's a very poor metric since it doesn't take into account the prices of things not bought online, which includes the majority of most household's expenditures - food, transportation, housing, fuel etc.

But of course you can expect inflation alarmists to look for any line they can find that's going up. The alarmists have had a bad 25 years of being completely wrong, but I'm sure it'll turn around for them any day now

This is a typical Internet conversation, with a multiplicity of different ideas.


Some of them might even be right.