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Old Jul 13, 2022 | 12:49 PM
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From: Chaz
Originally Posted by RidgwaySD
The entire economy is taking a big hit with massive inflation. Large numbers of people have pulled back spending. Our local home sales dropped 50% from May '21 compared to May'22 and inventory has doubled. I see big price reductions daily now when a year ago people were bidding over asking first day on the market, no matter what it was. Correction might be too gentle a term for the crash we are about to see IMO.
I doubt it. You will see 2 waves of inflation because of bad supply side economics.

Its a cycle we are all stuck in unfortunately.
 
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