While inflation is on a downward trend, I think it may persist a bit. After a few years people have become used to annual price increases, rent increases, wage increases.
They’re also quite willing to take on 7%+ mortgages and today’s elevated values. 7% actually isn’t bad at all if rents go up at 3% real + 5% expected inflation, plus you can always refi and lock in a lower rate for 30 years if we have even a short rate dip.
I went to my normal hand wax place. They charged $50 for many years. Then $70. Now it is $100. I tried to bargain them down a little, but they were plenty crowded. I paid it with accepting resignation, and my CUV emerged pearly and sparkly like new.
