I see a lot of people waiting for an inflation adjusted drop. Just wondering what inflation rate do piggingtoners expect in the next 5 years ?
I’m not waiting for an inflation adjusted drop, I’m waiting for the nominal drop. Inflation adjusted is just gravy.
Basically it’s a way of us recognizing the $310K home that sold in 2001 which was bought for $300K in 1987 is actually cheaper now.
It’s also useful but difficult for adjusting my own thinking. I remember SFRs at $300K in the late 90s, adjusting for inflation, that would be $400K today.
Over the next five years, I expect about 15%. Provided we get fuel and food undercontrol, which I’m starting to have doubts about.
