Affordability and inflation

I'm not sure why anyone thought that if Trump stopped the rampant inflation that things would actually go backwards. We crunched numbers when we sold our home in September which we bought in 2001 and based on 2 decades of inflation and all our improvements and repairs, we lost money. Yes, prices were up, but it just wasn't a recent thing.

 
The Biden era inflation was real--I saw food increase 40% on items I was accustomed to buying. I didn't buy a house or a car or fancy clothes, so I can't speak to that. Those grocery prices have not increased under Trump but they haven't gone down either, and I don't think they will.

 
Also real was the Covid shut down of the economy and throwing money at people who could have been working but weren't. Both parties (remember PPP--that was Trump) were responsible for the irresponsible throwing free money at people who wanted to be at work. It also created the ripe fraud atmosphere such as we have now in Minnesota and California, but which probably is robbing us all.

My advice is the same as it was 25 years ago. If prices are too high and you don't feel rich, stop eating out, taking destination vacations, buying clothes you don't need, and give up those manicures. Maybe someday if you work hard and save like your grandparents did, you'll live like they do,

Finally, know that Democrats will scream no matter what. Don't listen to their complaints. They are sliding into the Communist mind set of their fringe. They hate Trump (and their fringe are using that mental state against them) and if he could walk on water they would complain he can't swim.

What is affordability; less inflation?

I do little shopping these days because we live in a retirement community, so I'm not up on inflation and "affordability." I noticed the eggs in my refrigerator had a November "do not sell by" stamp, so I bought a dozen and threw out 7. At Aldi's a dozen eggs were $1.25 Sunday. I remember when Democrats were blaming President Trump for egg prices still being $5/doz when he'd only been in office 3 weeks! Gasoline in Columbus is about $2.70 a gallon today--about the same as last year.

Affordable. We've heard this before about health care.

Although President Trump is best in his field as a business man, he's fast becoming a politician. The latest plug about cars being affordable if the government gets involved is a page out of Obama's book on affordable health care. Barack gave us neither affordable nor healthy and left it to others to write the gazillion rules and stab us in the back. With cars, remember what they did the last time to make them "green?" They destroyed the older non-green models so there were no used cars to be "affordable." Only the rich benefitted. What will they do now? Manufacturers are owned by investors, and although it always looks like they go along with whoever is in power, they need to dance with the one who brought them.

https://youtu.be/ZCPId-2CABs?si=nvfIOwpJ-8kAsPAEAsPAE

You got to dance with who brung you
Swing with who swung you
Don't be a fickle fool
You came here with a gal, who's always been your pal
Don't leave her for the first unattached girl, it just ain't cool

You got to dance with who brung you
Swing with who swung you
Life ain't no forty-yard dash
Be in it for the long run
In the long run you'll have more fun
If you dance with who brung you to the bash

I had a friend in Texas
He really had some style
He sang that good old Western Swing and drove 'em wild
Then a talent scout from Vegas said,
"Boy, play and sing this way"
And in one short year he was broke in L.A

You got to dance with who brung you
Swing with who swung you
Life ain't no forty-yard dash
Be in it for the long run
In the long run you'll have more fun
If you dance with who brung you to the bash

You gotta be real careful what you wish for
'Cause you just might get
The whole darn thing
Be sure what you want is really something you can use
Or you might wind up half dead
Just singing the Blues

You got to dance with who brung you
Swing with who swung you
Life ain't no forty-yard dash
Be in it for the long run
In the long run you'll have more fun
If you dance with who brung you to the bash (yeah)

Dance with who brung you to the bash (yeah)

Yesterday morning we got an update on our dishwasher/paper plate problem. It wouldn't be fixed in time for the big Thanksgiving Day dinner. But Hallelujah! Wednesday at dinner we had full table ware and weren't eating with plastic. I don't know what got fixed (needs 180 degrees on rinse) but we are all relieved. Also rent announcements for next year came out, and we're so thrilled that Trump's economy is working and the inflation I expected didn't happen. I think the hype we're getting about "affordability" is last year's Biden left-overs and they smell bad.

Is there really a housing crisis?

Why is everything a crisis? Like the affordability crisis? The age of first home purchase has increased to 38. We were 22 when we bought our first house, a run down duplex. Dual incomes were the exception until 2nd wave feminism in the 70s when women were told to go to work to have value (and to pay more taxes). We were thrilled to have renters pay our mortgage! It needed a lot of sweat equity and a loan from my dad.

 
Young people today want much more. They marry later and have huge college loans--even their parents are still paying off loans! They want nice cars--and need 2 or 3. We didn't take trips, buy nice cars, go out to eat, or dress well. For a long time we were "house poor." I get this uneasy feeling that when the government steps in to "fix" housing, things get worse, like 2007-2008 subprime crisis, or building "affordable" neighborhoods (that aren't). We had run away consumerism and inflation--keeping up with the Jones. In America, you really can have it all--just not all at the same time.

This complex https://www.apartments.com/fox-and-hounds-columbus-oh/cvfs42e/ is about 50 years old. Based on inflation since 1967, it's less than the 2 bdrm 1 bath unit we rented in 1967 after we sold our house in Illinois and moved to Columbus . What is affordability? We had one income (because a wife's income wasn't factored in the housing costs in those days). The dollar had an average inflation rate of 4.00% per year between 1967 and today, producing a cumulative price increase of 869.99%, or our $140 rent would be like $1360 in 2025.