[quote=UCGal]
Watch Japan, were next but not quite as extreme, see Israel in similar example from 1980-1985.
I’m confused. Are you saying that homes flyer purchased for $70k, in Carmel Valley will go back to those prices?
Even with decades of no growth, that’s not going to happen.
flyer was fortunate to be born in a time, and to purchase in a time, before the long trend upward in prices. It’s hard for folks who bought in the 90’s or later to realize just how much lower prices were back in the 80’s and earlier.[/quote]
No I am saying in the near future Japan is very likely to experience VERY high inflation, Israel in a very similar situation unable to pay its bills without extreme money printing end up with almost 1000% inflation per year for several years.
We will fair a little better as we don’t really need anyone else.
I plan to keep working, Maybe the minimum wage link to inflation the president was suggesting was to get us started?
