Friday, May 30, 2008

Inflation Will Eat Your Raise

Inflation has been under reported the last 3 years by the U.S. government.

It's now eating our lunch.

Fuel prices, food prices will continue to skyrocket.

Morgan over at Blown Mortgage Blog has a compelling post on this subject, which I highly recommend.

No tax rebate check is going to change the fact that inflation is starting to destroy the American economy.

Inflation will only cause greater pause for those in Orange County California with a high debt ratio and tight household budgets.

Should they get out of renting and buy into a condo or single family home now under current economic conditions and the impact of inflation?

And now for something really scary: $5.00 per gallon gas

Yes, we are approaching $5.00/gallon gas.

Don't think it won't happen, Orange County. Don't think it won't happen.

It's the end of May. Summer is here.

Glad I've got my motorcycle. 55 miles per gallon city! Wooo hooo!

Got SUV? Then you must be loving life these days! Enjoy!
Just put the cellphone down and try not to kill me, K?

So you want to buy a house in OC? Yeah right!

Be my guest.
Get off that fence! Get out there and buy a home! It's summer! Other buyers are coming out of the woodwork in OC and attending open houses.
Now is a great time to buy a home in Orange County, California.
What? Don't believe me?
Aww, come on! 2010 is just around the corner!
Pretty please with sugar on it, come out of your caves and buy these over-priced homes!